Why is Forbes Precision falling/rising?

As of 14-Jul, Forbes Precision Tools & Machine Parts Ltd is experiencing a decline in its stock price, currently at Rs 196.00, reflecting a decrease of Rs 4.95 or 2.46%. The stock has been underperforming significantly, having fallen consecutively for the last six days, resulting in a total decline of 7.55% during this period. Over the past week, the stock has decreased by 7.11%, and its year-to-date performance shows a staggering drop of 31.13%. Additionally, the stock's performance has been negatively impacted by a high percentage of pledged promoter shares, which adds downward pressure in a falling market, and a poor long-term growth outlook, with operating profits declining at an annual rate of 5.76% over the last five years.
In the broader market context, the stock has notably underperformed compared to the Sensex, which has gained 5.27% year-to-date. While the Sensex has shown resilience with a 1.40% increase over the past month, Forbes Precision's stock has plummeted by 13.66% in the same timeframe. This stark contrast highlights the company's struggles, particularly as it has generated a return of -49.74% over the past year, while the broader market has remained relatively stable. The combination of poor financial performance, high promoter share pledges, and declining investor participation indicates a challenging environment for the stock, contributing to its ongoing decline.