Why is Happy Forgings falling/rising?

As of 29-Aug, Happy Forgings Ltd is experiencing a decline in its stock price, currently at Rs 909.00, which reflects a decrease of Rs 4.6 or 0.5%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 4.98% during this period. Additionally, the stock has underperformed its sector by 1.03% today. Over the past week, it has seen a return of -4.30%, and for the month, the return is -4.52%. The stock's performance year-to-date shows a significant decline of 8.78%, contrasting with the Sensex, which has gained 2.14%. The company maintains a low debt-to-equity ratio of 0.01 times, which is a positive factor, but the falling investor participation, with a 51.78% drop in delivery volume, suggests waning interest among investors.
In the broader market context, Happy Forgings' recent performance has been notably weaker compared to the benchmark Sensex, which has only declined by 1.84% over the past week. This underperformance indicates that the stock is not only struggling in isolation but is also lagging behind the overall market trends. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume may signal concerns among investors about the company's short-term prospects. Overall, the combination of consecutive price declines, underperformance against the sector, and reduced investor engagement contributes to the stock's current downward trajectory.