Why is Bharat Forge falling/rising?

As of 30-Jul, Bharat Forge Ltd. is experiencing a decline in its stock price, currently at Rs 1,187.75, which reflects a decrease of Rs 32.8 or 2.69%. Today's price summary indicates that the stock underperformed its sector by 1.29%, hitting an intraday low of Rs 1,179.1, which is a drop of 3.4%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 32.12% compared to the 5-day average. Over the past week, the stock has decreased by 2.95%, and over the past month, it has declined by 9.19%, while its year-to-date performance shows a drop of 8.43%.
In the broader market context, Bharat Forge's recent performance contrasts with the Sensex, which has only declined by 1.50% over the past week and has gained 4.28% year-to-date. Despite the current downturn, the company has shown healthy long-term growth with an annual operating profit increase of 26.27% and a return on capital employed (ROCE) of 13.7%. The stock is considered fairly valued compared to its peers, trading at a discount to average historical valuations. However, the significant drop in stock price over the past year, which is down 31.87%, raises concerns despite a 7.8% increase in profits. High institutional holdings at 45.78% indicate that informed investors are still backing the company, but the recent price movements suggest a cautious sentiment among retail investors.