Why is Forbes Precision falling/rising?

As of 17-Jul, Forbes Precision Tools & Machine Parts Ltd is experiencing a decline in its stock price, currently at 211.00, which reflects a decrease of 0.8 or 0.38%. The stock has shown a trend reversal, falling after two consecutive days of gains. Despite a recent increase in delivery volume by 57.52% against the 5-day average, the stock's performance over the past month has been poor, with a return of -5.19%. Additionally, the stock has significantly underperformed over the past year, with a staggering return of -45.93%, while the company's operating profit has decreased at an annual rate of -5.76% over the last five years. The high percentage of pledged promoter shares (98.25%) adds further downward pressure on the stock in a falling market.
In the broader market context, the stock's short-term return of +4.95% over the past week contrasts sharply with the Sensex, which has declined by 1.12%. However, the stock's long-term performance remains concerning, as it has underperformed the market significantly over the last year, where the BSE500 has generated a return of 0.26%. The company's high valuation, indicated by a Price to Book Value of 6.5, coupled with a low return on equity (ROE) of 17.3, suggests that the stock is considered very expensive, further contributing to investor hesitance and the stock's declining price.