Why is Bharat Forge falling/rising?

As of 26-Aug, Bharat Forge Ltd. is experiencing a decline in its stock price, currently at Rs 1,121.95, which reflects a decrease of Rs 14.95 or 1.31%. The stock has underperformed in the short term, with a 5.55% drop over the past week and a 6.66% decline over the past month. Today's price summary indicates that the stock touched an intraday low of Rs 1,109.25 and is trading below its moving averages across various time frames. Despite a healthy long-term growth rate in operating profit of 65.12%, the stock's performance has been negatively impacted by flat results in June, with the operating profit to net sales ratio at its lowest. Additionally, while the stock has high institutional holdings at 45.78%, which suggests confidence from larger investors, it has still generated a significant negative return of -31.38% over the past year, indicating challenges in maintaining investor sentiment.
In the broader market context, Bharat Forge's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.05% over the past week and 0.83% over the past month. This stark difference highlights the stock's struggle to keep pace with the market, as it has underperformed significantly compared to the broader index. The company's market cap of Rs 54,354 crore makes it the largest in its sector, yet its annual sales represent a substantial portion of the industry at 32.76%. Despite these strengths, the overall negative sentiment surrounding the stock, exacerbated by its substantial year-over-year decline, suggests that investors are cautious, leading to the current downward price movement.