Why is Bharat Forge falling/rising?

As of 29-Aug, Bharat Forge Ltd. is experiencing a decline in its stock price, currently at Rs 1,105.50, which represents a decrease of Rs 19.0 or 1.69%. The stock has underperformed its sector today by 0.28%, touching an intraday low of Rs 1,100.5, reflecting a drop of 2.13%. Over the past week, Bharat Forge has seen a return of -1.57%, and its performance over the last month shows a significant decline of 9.43%. The stock is currently trading below all key moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 40.11% compared to the 5-day average. While the company has a healthy long-term growth outlook with an operating profit growth rate of 65.12%, it has faced challenges, including a 29.90% decline in stock value over the past year, despite high institutional holdings at 45.78%.
In the broader market context, Bharat Forge's performance has lagged behind the benchmark, with the Sensex showing a return of -1.84% over the past week and -1.88% over the past month, while Bharat Forge's declines have been steeper. The stock's significant underperformance over the last year, where it fell by 29.90% compared to the market's -5.40%, highlights investor concerns regarding its flat results in June and the lowest operating profit to net sales ratio at 17.22%. Despite its position as the largest company in the sector and a fair valuation compared to peers, the recent negative trends in stock performance and declining investor participation suggest a cautious sentiment among investors.