Why is Bharat Forge falling/rising?

As of 06-Aug, Bharat Forge Ltd. is experiencing a decline in its stock price, currently at Rs 1,138.80, which reflects a decrease of Rs 22.55 or 1.94%. The stock has underperformed its sector by 0.55% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.3%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Bharat Forge has seen a return of -4.12%, and its performance over the last month shows a significant decline of -13.15%. Despite a healthy long-term growth rate in operating profit of 26.27%, the stock has faced challenges, including a -24.88% return over the past year, which indicates a struggle to maintain investor confidence.
In the broader market context, Bharat Forge's performance has been notably weaker compared to the benchmark Sensex, which has only declined by 1.15% over the past week and has generated positive returns of 2.48% over the last year. The stock's high institutional holdings at 45.78% suggest that these investors, who typically have better analytical resources, are also concerned about the company's recent flat results and declining profits. The company's market cap of Rs 55,351 crore positions it as a significant player in its sector, yet its annual sales represent a substantial portion of the industry, which raises expectations that may not be met given its recent performance. Overall, the combination of declining stock performance, underwhelming financial results, and reduced investor participation contributes to the current downward trend in Bharat Forge's stock price.