Why is Bharat Forge falling/rising?

As of 03-Sep, Bharat Forge Ltd. is currently priced at 1,134.25, reflecting a decrease of 0.85, or 0.07%. The stock has underperformed its sector by 0.39% today and has experienced a trend reversal, falling after two consecutive days of gains. Over the past week, the stock has shown a slight increase of 1.10%, but it has declined by 0.98% over the past month and has a significant year-to-date drop of 12.56%. Additionally, the stock's delivery volume has decreased by 57.87% compared to its 5-day average, indicating falling investor participation. Despite these short-term challenges, the company has demonstrated healthy long-term growth with an annual operating profit increase of 65.12%, and it maintains a fair valuation relative to its peers.
In the broader market context, Bharat Forge's performance contrasts with the Sensex, which has seen a slight decline of 0.04% over the past month. While the stock has underperformed in the short term, it has shown strong growth over a three-year period, outperforming the benchmark with a return of 47.91% compared to 37.01% for the Sensex. The company holds a significant position in its sector, with a market cap of Rs 54,170 crore, constituting 41.38% of the industry, and high institutional holdings at 45.78%, suggesting that larger investors have confidence in its fundamentals despite recent price movements.