Why is Forbes Precision falling/rising?

As of 04-Sep, Forbes Precision Tools & Machine Parts Ltd is experiencing a decline in its stock price, currently at Rs 171.45, which represents a decrease of Rs 2.55 or 1.47%. The stock has underperformed its sector by 0.89% today and has been on a consecutive downward trend for the last two days, with a total decline of 1.72% during this period. The stock reached an intraday high of Rs 179.9 but also touched a low of Rs 169. The recent performance metrics indicate a significant drop in investor participation, with delivery volume falling by 32.52% against the 5-day average. Additionally, the stock has shown poor long-term growth, with a 49.57% decline in returns over the past year, and negative financial results reported in June, including a 47% drop in PAT and a 9.9% decrease in net sales compared to previous quarters.
In the broader market context, the stock's short-term return of 2.63% over the past week contrasts with the Sensex's gain of 0.80%, indicating some relative strength in the very short term. However, the stock's long-term performance is concerning, as it has underperformed the benchmark indices significantly over various periods, including a 39.76% decline year-to-date compared to a 3.30% increase in the Sensex. The high percentage of pledged promoter shares (94.4%) adds to the downward pressure on the stock, particularly in a falling market, further exacerbating the negative sentiment surrounding the stock's performance.