Why is Bharat Forge falling/rising?

As of 07-Aug, Bharat Forge Ltd. is currently priced at 1,160.00, reflecting an increase of 21.2 or 1.86%. Today's price summary indicates that the stock has outperformed its sector by 1.15% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock reached an intraday high of Rs 1165.7, representing a 2.36% increase, although it also touched a low of Rs 1103, marking a 3.14% decrease. Over the past week, Bharat Forge has seen a slight decline of 0.19%, and its performance over the last month shows a significant drop of 11.06%. Despite these recent gains, the stock is trading below its moving averages across various time frames, and there has been a notable decrease in investor participation, with delivery volume falling by 68.39% compared to the five-day average.
In the broader market context, Bharat Forge has underperformed the benchmark Sensex, which has seen a decline of 0.69% over the past week and 3.38% over the past month. The stock's long-term growth potential is supported by a healthy operating profit growth rate of 65.12% and high institutional holdings at 45.78%, indicating confidence from larger investors. However, the stock has faced challenges, including a significant drop of 25.16% over the past year, which is much steeper than the market's overall decline of 1.34%. This underperformance, coupled with flat results in the most recent quarter, suggests that while there are positive factors at play, the stock's recent movements are influenced by a combination of declining investor interest and broader market challenges.