Why is Bharat Forge falling/rising?

As of 22-Aug, Bharat Forge Ltd. is experiencing a decline in its stock price, currently at Rs 1,123.15, which reflects a decrease of Rs 30.4 or 2.64%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.45% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -30.51%, significantly underperforming the broader market, which saw a return of only -2.49%. Despite a healthy long-term growth rate in operating profit and high institutional holdings, the stock's recent performance has been negatively impacted by flat quarterly results and a low operating profit margin.
In the broader market context, Bharat Forge's short-term performance has been notably weaker than the benchmark, with a one-week return of -5.16% compared to the Sensex's gain of +0.88%. This stark contrast highlights the stock's struggles relative to the overall market. While the company maintains a strong market position with significant sales and institutional backing, the recent trends indicate a lack of investor confidence, likely driven by disappointing financial results and a substantial decline in stock value over the past year.