Why is Bharat Forge falling/rising?

As of 01-Sep, Bharat Forge Ltd. is currently priced at Rs 1,126.20, reflecting an increase of Rs 20.7 or 1.87%. Despite this positive movement today, the stock has shown a decline of 1.68% over the past month and a significant drop of 28.89% over the past year. Today's performance indicates that the stock outperformed its sector by 0.67%, reaching an intraday high of Rs 1,132.85. However, it is trading below its moving averages across various time frames, and there has been a notable decrease in investor participation, with delivery volume falling by 25.04% compared to the five-day average. While the company has a healthy long-term growth outlook with an operating profit growth rate of 65.12%, the stock's recent performance has been hindered by a decline in profits and a negative return over the past year.
In the broader market context, Bharat Forge's short-term performance has been relatively better than the benchmark Sensex, which has declined by 1.56% over the past week. The stock's high institutional holdings at 45.78% suggest that knowledgeable investors are backing the company, which may provide some stability. Additionally, Bharat Forge's market capitalization positions it as the largest player in its sector, contributing significantly to industry sales. Despite these strengths, the stock's overall year-to-date performance remains poor compared to the Sensex's positive return of 2.85%, indicating that broader market conditions may not be favoring the stock at this time.