Why is Bharat Forge falling/rising?

As of 12-Sep, Bharat Forge Ltd. is experiencing a price increase, currently at Rs 1,222.40, reflecting a rise of 11.3 points or 0.93%. The stock has shown a positive trend recently, gaining 3.3% over the last three days and outperforming its sector by 0.68% today. It has also touched an intraday high of Rs 1,235.6. Despite a year-to-date decline of 5.76% and a significant drop of 23.16% over the past year, the stock has performed well in the short term, with a 7.14% increase over the past week and a 6.12% increase over the past month. Positive factors contributing to this rise include a healthy long-term growth outlook with an annual operating profit growth rate of 65.12%, high institutional holdings at 45.78%, and the stock trading at a discount compared to its peers.
In the broader market context, Bharat Forge's recent performance has outpaced the Sensex, which has only increased by 1.48% over the past week. While the stock has underperformed over the last year compared to the market, its recent gains suggest a potential recovery phase. The stock's liquidity remains adequate, although there has been a notable decline in delivery volume, which may indicate falling investor participation. Overall, the combination of strong institutional backing and favorable short-term performance against the benchmark has contributed to the stock's rising price.