Why is Forbes Precision falling/rising?

As of 04-Aug, Forbes Precision Tools & Machine Parts Ltd is experiencing a decline in its stock price, currently at Rs 190.00, which reflects a decrease of Rs 6.4 or 3.26%. The stock has underperformed its sector today by 3.91% and has been on a downward trend for the last two days, accumulating a total loss of 5.43%. Over the past week, the stock has dropped by 5.96%, and its year-to-date performance shows a significant decline of 33.24%. Additionally, the stock's performance has been poor over the last year, with a return of -44.75%. Factors contributing to this decline include a high percentage of pledged promoter shares (94.4%), which can exert additional downward pressure in a falling market, and a long-term growth rate of operating profit that has been negative at -5.76% over the past five years.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has shown a slight increase of 0.16% over the past week. While the benchmark has gained 3.69% year-to-date, Forbes Precision has significantly lagged behind, indicating a troubling trend for the company. The stock's liquidity appears adequate for trading, but the falling investor participation, evidenced by a 33.95% drop in delivery volume, suggests waning interest among investors. Overall, the combination of poor long-term growth prospects, high valuation concerns, and significant pledged shares has contributed to the stock's decline in a market that is otherwise showing resilience.