Why is Happy Forgings falling/rising?

As of 08-Sep, Happy Forgings Ltd is currently priced at 877.40, reflecting a decline of 0.35, or 0.04%. The stock has been underperforming, with a consecutive fall over the last three days resulting in a total decrease of 3.14%. In terms of returns, the stock has seen a significant drop of 24.79% over the past year, while its operating profit has only grown by 10%, leading to a high PEG ratio of 3.1, indicating an expensive valuation. Additionally, the stock is trading below its moving averages across various time frames, which suggests a bearish trend. Despite a low debt-to-equity ratio and rising investor participation, the overall sentiment remains negative due to poor long-term growth prospects and consistent underperformance against benchmarks.
In the broader market context, Happy Forgings has underperformed the Sensex, which has gained 0.53% over the past week, while the stock itself has declined by 2.44%. This trend of underperformance is consistent over longer periods, with the stock down 11.95% year-to-date compared to a 3.39% increase in the benchmark. The auto ancillary sector, in which Happy Forgings operates, has seen a gain of 2.24%, further highlighting the company's struggles relative to its peers. Overall, the combination of weak stock performance, high valuation concerns, and sector outperformance contributes to the negative outlook for Happy Forgings Ltd.