Why is Forbes Precision falling/rising?

As of 01-Jul, Forbes Precision Tools & Machine Parts Ltd is experiencing a decline in its stock price, currently at Rs 211.10, which reflects a decrease of Rs 5.8 or 2.67%. The stock has underperformed its sector by 1.56% today and has been on a downward trend for the past three days, accumulating a total loss of 3.17% during this period. Additionally, the stock has shown a significant decline over the past year, with a return of -43.50%, while its profits have decreased by 3%. The company also has a high percentage of pledged promoter shares at 98.25%, which can exert additional downward pressure on the stock price in a falling market. Furthermore, the operating profit has seen a negative growth rate of -5.76% over the last five years, indicating poor long-term growth potential.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark, with a one-year return of -43.50% against the BSE500's positive return of 3.20%. Over the past week, the stock has also underperformed, with a return of -0.73% compared to the Sensex's gain of 2.00%. This consistent underperformance highlights the challenges faced by Forbes Precision in attracting investor confidence, particularly in light of falling investor participation and a decrease in delivery volume by 25.44% against the five-day average. Overall, the combination of poor financial performance, high promoter share pledges, and underwhelming market returns contributes to the stock's current downward trajectory.