Why is Forbes Precision falling/rising?

As of 15-Jul, Forbes Precision Tools & Machine Parts Ltd is experiencing a price increase, currently at Rs 197.60, reflecting a change of 1.6 (0.82%) upward. Today's price summary indicates that the stock has outperformed its sector by 0.98% and has shown a trend reversal after six consecutive days of decline. It opened with a gain of 3.04% and reached an intraday high of Rs 205.85, although it also touched a low of Rs 192. The stock has underperformed significantly over the past year, with a return of -48.11%, while its profits have decreased by 3%. Additionally, a concerning factor is that 98.25% of promoter shares are pledged, which can exert downward pressure on the stock in a falling market.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has declined by 4.54% over the past week while the Sensex has only fallen by 1.36%. This underperformance is notable given that the stock has generated negative returns of -30.57% year-to-date, compared to the Sensex's positive return of 5.67%. The company has a low debt-to-equity ratio, which is a positive aspect, but its long-term growth prospects appear poor due to a -5.76% annual decline in operating profit over the last five years. Overall, while there is a short-term uptick in stock price, the long-term outlook remains challenging.