Why is Happy Forgings falling/rising?

As of 28-Aug, Happy Forgings Ltd is experiencing a decline in its stock price, currently at Rs 913.60, which reflects a decrease of Rs 6.2 or 0.67%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 4.5% over that period. Additionally, the stock's performance over the past month shows a decline of 5.18%, and it has underperformed the sector by 0.54% today. Despite having a low debt-to-equity ratio of 0.01, which is generally favorable, the stock's recent movement suggests investor concerns, particularly given its significant drop of 22.62% over the past year.
In the broader market context, the Sensex has also faced challenges, with a decline of 2.34% over the past week and 1.00% over the past month. However, Happy Forgings' performance has been notably worse, indicating a lack of investor confidence compared to the benchmark. The stock's current liquidity is adequate, with a delivery volume that has increased significantly, suggesting some interest from investors despite the recent price declines. Overall, while the broader market has shown some resilience, Happy Forgings Ltd's continued losses and underperformance relative to the benchmark highlight specific challenges facing the company.