Why is Forbes Precision falling/rising?

As of 22-Jul, Forbes Precision Tools & Machine Parts Ltd is experiencing a decline in its stock price, currently at Rs 209.10, down by Rs 3.6 or 1.69%. Today's price summary indicates that the stock has underperformed its sector by 2.53% and has fallen after two consecutive days of gains. The stock reached an intraday high of Rs 217.45 but also touched a low of Rs 208. Over the past week, the stock has shown a positive return of 5.82%, but it has significantly underperformed over the last month and year, with returns of -6.48% and -43.21%, respectively. The company's low debt-to-equity ratio is a positive aspect; however, the negative factors, including poor long-term growth with an annual operating profit decline of 5.76% over the last five years and a high percentage of pledged promoter shares, contribute to the stock's downward pressure.
In the broader market context, the stock's performance contrasts sharply with the benchmark Sensex, which has generated a return of 5.18% year-to-date, while Forbes Precision has seen a decline of 26.53% in the same period. This stark difference highlights the stock's struggle to keep pace with the market, especially given its significant negative returns over the past year. The overall market has shown resilience, while Forbes Precision's substantial underperformance, coupled with the high percentage of pledged shares, suggests a lack of investor confidence, further exacerbating the stock's decline.