Why is Bharat Forge falling/rising?

As of 20-Aug, Bharat Forge Ltd. is experiencing a decline in its stock price, currently at Rs 1,160.60, which reflects a decrease of Rs 27.25 or 2.29%. Today's price summary indicates that the stock underperformed its sector by 0.86%, touching an intraday low of Rs 1,157, which is a drop of 2.6%. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 57.8% compared to the 5-day average. Over the past year, Bharat Forge has generated a return of -26.39%, which is considerably worse than the broader market's performance.
In the broader market context, the stock's recent performance has been notably poor, especially when compared to the Sensex, which has gained 1.64% over the past week and 4.76% year-to-date. While Bharat Forge has shown healthy long-term growth with an annual operating profit increase of 65.12%, its profits have recently declined by 0.1%, contributing to negative sentiment. The company's high institutional holdings at 45.78% suggest that these investors, who typically have better resources for analyzing fundamentals, are also cautious given the flat results reported in June. Overall, the combination of underperformance relative to the market, declining investor interest, and recent profit stagnation has led to the stock's downward movement.