Why is Bharat Forge falling/rising?

As of 04-Aug, Bharat Forge Ltd. is currently priced at Rs 1,178.00, reflecting an increase of Rs 31.9 or 2.78%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 0.91% and reached an intraday high of Rs 1,180.15. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a recent uptick, the stock has underperformed in the longer term, with a 1-year return of -28.83%, significantly worse than the broader market's -2.34%. Positive factors include a healthy long-term growth rate in operating profit and high institutional holdings, which may provide some support for the stock's price.
In the broader market context, while Bharat Forge has seen a short-term rise, its performance over the past week shows a decline of -0.94%, contrasting with the Sensex's slight gain of +0.16%. This suggests that the stock's recent uptick may not be indicative of a broader recovery, as it continues to lag behind market benchmarks in the longer term. The company's substantial market cap and significant share of the sector indicate its importance, yet the flat results reported in March and the overall negative return over the past year highlight ongoing challenges that could affect investor sentiment moving forward.