Why is Bharat Forge falling/rising?

As of 08-Aug, Bharat Forge Ltd. is currently priced at Rs 1,135.50, reflecting a decline of Rs 24.5 or 2.11%. Today's performance indicates that the stock has underperformed its sector by 0.78%, with an intraday low of Rs 1,129.1, marking a decrease of 2.66%. Over the past week, the stock has experienced a slight decline of 0.87%, and it has significantly underperformed over the past month and year, with returns of -11.34% and -29.26%, respectively. Despite a healthy long-term growth rate in operating profit of 65.12%, the stock's recent performance has been negatively impacted by flat results in June and a substantial decline in profits, which fell by 0.1% over the past year. Additionally, the stock is trading below all key moving averages, indicating a bearish trend.
In the broader market context, Bharat Forge's performance has been notably worse than the benchmark, with the Sensex showing a decline of only 0.92% over the past week and a modest gain of 2.20% year-to-date. This stark contrast highlights the stock's struggles relative to the overall market. While the company boasts high institutional holdings at 45.78% and a significant market cap of Rs 55,458 crore, these factors have not translated into positive stock performance recently. The company's valuation appears fair compared to peers, but the persistent underperformance and declining profits have led to a lack of investor confidence, contributing to the stock's downward movement.