Why is Bharat Forge falling/rising?

As of 10-Sep, Bharat Forge Ltd. is currently priced at 1,199.55, reflecting an increase of 12.55 or 1.06%. The stock has shown a positive performance today, outperforming its sector by 0.28%, and reached an intraday high of Rs 1237, marking a rise of 4.21%. Over the past week, the stock has gained 5.76%, while its one-month return stands at 5.64%. However, it is important to note that despite this recent uptick, the stock has experienced a significant decline of 23.60% over the past year. The company's operating profit has grown at an impressive annual rate of 65.12%, and it maintains a fair valuation with a return on capital employed (ROCE) of 13.7. Nevertheless, the stock's performance has been hindered by a drop in investor participation, with delivery volume decreasing by 36.16% compared to the five-day average.
In the broader market context, while Bharat Forge has outperformed its sector in the short term, it has underperformed the market over the last year, where the benchmark (BSE500) recorded a negative return of -2.89%. The stock's high institutional holdings at 45.78% suggest that these investors have the resources to analyze the company's fundamentals effectively, which may provide some support for the stock. However, the flat results reported in June, with the operating profit to net sales ratio at its lowest, alongside a significant year-on-year decline in stock returns, indicate underlying challenges. Despite its strong market position and substantial contribution to the sector, these factors contribute to a mixed outlook for Bharat Forge's stock performance.