Why is Forbes & Co falling/rising?

As of 04-Jul, Forbes & Company Ltd is experiencing a decline in its stock price, currently at 400.45, which represents a decrease of 13.7 points or 3.31%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in an overall decline of 8.35% during this period. Although it opened with a gain of 2.02% today and reached an intraday high of Rs 422.5, it also touched a low of Rs 396.6, indicating significant volatility. In terms of returns, the stock has underperformed the sector by 3.53% today and has shown a negative return of 8.15% over the past week, while the year-to-date return stands at -14.78%. Despite these challenges, the company has demonstrated strong financial performance, with a remarkable growth in net profit of 1091.99% and positive results over the last three quarters, which may provide some support to its valuation.
Broader Market Context: The broader market, represented by the Sensex, has shown a relatively stable performance with a slight decline of 0.74% over the past week, contrasting with Forbes & Company Ltd's more significant drop. While the stock has experienced a substantial decline of 36.90% over the past year, the Sensex has managed a modest gain of 4.23% during the same period. This disparity highlights the stock's struggles relative to the overall market, despite its strong fundamentals, such as a low debt-to-EBITDA ratio and a fair valuation compared to peers. The falling investor participation, evidenced by a 47.96% drop in delivery volume, further exacerbates the stock's challenges in gaining traction in the current market environment.