Why is Bharat Forge falling/rising?

As of 21-Aug, Bharat Forge Ltd. is experiencing a decline in its stock price, currently at 1,153.55, which reflects a decrease of 7.05 points or 0.61%. The stock has underperformed its sector by 0.45% today and has been on a downward trend for the past two days, resulting in a total decline of 2.89%. Over the last week, Bharat Forge has seen a return of -2.60%, and its performance over the past month is also negative at -5.68%. Despite a healthy long-term growth rate in operating profit of 65.12%, the stock has faced challenges, including a significant drop of 28.00% over the past year, which is much steeper than the broader market's decline of 1.56%. The stock is currently trading below all its moving averages, indicating a bearish trend.
In the broader market context, while the Sensex has shown a positive return of 1.74% over the past week, Bharat Forge's performance has lagged significantly. The company holds a substantial market cap of Rs 55,487 crore, making it the largest in its sector, yet it has struggled with flat results, particularly in its latest quarterly report, which showed the lowest operating profit to net sales ratio at 17.22%. High institutional holdings at 45.78% suggest that informed investors are closely monitoring the company's fundamentals, which may contribute to the stock's volatility. Despite its fair valuation and potential for growth, the recent underperformance and declining returns have led to a cautious outlook among investors.