Why is Forbes Precision falling/rising?

As of 04-Jul, Forbes Precision Tools & Machine Parts Ltd is experiencing a slight increase in its stock price, currently at 212.00, reflecting a change of 0.45 (0.21%) upward. In today's price summary, the stock has outperformed its sector by 0.34%. However, it is noteworthy that the stock's performance over the past week shows a decline of 2.30%, while it has increased by 11.37% over the past month. Despite this recent uptick, the stock has significantly underperformed in the long term, with a year-to-date decline of 25.51% and a one-year drop of 39.50%. The company has a low debt-to-equity ratio, which is a positive factor, but it also faces challenges such as a poor long-term growth rate in operating profit and a high percentage of pledged promoter shares, which can exert downward pressure on the stock.
In the broader market context, the stock's recent performance contrasts with the benchmark, as the Sensex has only declined by 0.74% over the past week and has increased by 3.01% over the past month. This indicates that while Forbes Precision has shown some short-term resilience, it has still lagged behind the overall market trends. The company's significant underperformance over the past year, with a return of -39.50% compared to the market's 4.23%, highlights ongoing investor concerns. The flat results reported in March and the high valuation metrics further contribute to a cautious outlook for the stock, suggesting that despite the recent minor rise, the overall sentiment remains bearish.