Why is Bharat Forge falling/rising?

As of 13-Aug, Bharat Forge Ltd. is experiencing a price increase, with the current price at Rs 1,179.60, reflecting a rise of Rs 24.6 or 2.13%. Today's performance indicates that the stock has outperformed its sector by 1.11%, reaching an intraday high of Rs 1,186.6. While the stock is currently higher than its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Bharat Forge has shown a positive return of 3.58%, contrasting with a slight decline in the Sensex. However, the stock has underperformed over the longer term, with a year-to-date return of -9.06% and a one-year return of -25.35%. Despite these challenges, the company has demonstrated healthy long-term growth, with an annual operating profit growth rate of 65.12%, and high institutional holdings at 45.78%, indicating confidence from larger investors.
In the broader market context, Bharat Forge's recent performance contrasts with the Sensex, which has remained relatively flat over the past week, showing a change of -0.01%. The stock's decline over the past year is significantly steeper than the broader market's negative return of -0.64%, highlighting its underperformance. Although the stock is trading at a discount compared to its peers and has a fair valuation, the flat results reported in June and the decline in profits have contributed to investor caution. The falling investor participation, as evidenced by a 28.04% drop in delivery volume, further suggests a lack of confidence in the stock's near-term prospects, despite its substantial market capitalization and sector dominance.