Why is Forbes Precision falling/rising?

As of 18-Jul, Forbes Precision Tools & Machine Parts Ltd's stock price is currently at Rs 212.00, reflecting an increase of 1.0 (0.47%). The stock has shown a positive performance today, outperforming its sector by 1.18% and opening with a gain of 2.3%. It reached an intraday high of Rs 216, indicating strong investor interest, as evidenced by a 14.34% increase in delivery volume compared to the 5-day average. However, despite this short-term uptick, the stock has underperformed significantly over the past year, with a return of -44.23%, while the broader market has only seen a decline of -0.36%. The company's low debt-to-equity ratio is a positive aspect, but the long-term growth outlook is concerning due to a negative annual operating profit growth rate of -5.76% over the last five years and a high price-to-book value ratio of 6.6, suggesting an expensive valuation.
In the broader market context, Forbes Precision's recent performance contrasts sharply with the benchmark, as it has gained 5.50% over the past week while the Sensex has declined by 0.90%. This short-term outperformance may not be sustainable given the stock's poor long-term growth prospects and the fact that 98.25% of promoter shares are pledged, which can exert additional downward pressure in a falling market. The company's flat results in March and a decline in profits by -3% over the past year further highlight the challenges it faces. Overall, while there is a brief rise in stock price, the underlying fundamentals and market conditions suggest caution for investors.