Why is Bharat Forge falling/rising?

As of 11-Sep, Bharat Forge Ltd. is experiencing a rise in its stock price, currently at 1,211.10, reflecting an increase of 11.55 or 0.96%. The stock has shown positive momentum, gaining 2.03% over the last two days and outperforming its sector by 0.48%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock has seen a significant increase in delivery volume, rising by 118.3% against the 5-day average, which suggests heightened investor interest. Despite a year-to-date decline of 6.63% and a one-year drop of 22.53%, the company has demonstrated healthy long-term growth with an annual operating profit increase of 65.12%, and it is trading at a discount compared to its peers.
In the broader market context, Bharat Forge's short-term performance has significantly outpaced the benchmark Sensex, which only increased by 1.03% over the past week. While the stock has underperformed over the past year compared to the market, its high institutional holdings of 45.78% indicate strong support from knowledgeable investors. The company's substantial market capitalization of Rs 57,361 crore and its dominance in the sector, constituting 42.75% of the industry, further bolster its position. However, the flat results reported in June and the stock's significant decline over the past year compared to the broader market's negative returns highlight ongoing challenges that could affect future performance.