Why is Forbes & Co falling/rising?

As of 23-Jul, Forbes & Company Ltd's stock price is currently at 445.10, reflecting a decrease of 12.45 points or 2.72%. The stock has underperformed its sector today by 1.23% and has experienced a consecutive decline over the last two days, resulting in a total drop of 3.66%. The stock touched an intraday low of Rs 442.6, indicating a challenging trading session. Despite the company’s strong financial performance, including a remarkable growth in net profit of 1091.99% and positive results for the last three consecutive quarters, the stock has seen a year-to-date decline of 5.28% and a significant drop of 26.74% over the past year. The falling investor participation, as evidenced by a 3.2% decrease in delivery volume, may also be contributing to the stock's downward movement.
In the broader market context, the Sensex has shown a slight increase of 0.11% over the past week, contrasting with Forbes & Company Ltd's decline of 2.06% during the same period. While the company has a strong ability to service debt and is trading at a discount compared to its peers, the overall negative sentiment reflected in the stock's recent performance suggests that investors may be cautious despite the company's positive financial indicators. The stock's performance relative to the benchmark indicates a lack of confidence in its recovery, especially given the significant underperformance over the past year compared to the market's positive return of 5.87%.