Why is Ramkrishna Forg. falling/rising?

As of 13-Aug, Ramkrishna Forgings Ltd is experiencing a decline in its stock price, currently at Rs 573.05, which reflects a decrease of Rs 10.4 or 1.78%. The stock is trading close to its 52-week low, just 3.94% above Rs 551.95, and has underperformed its sector by 2.54% today. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock has shown a significant decline of 38.10% over the past year, despite a 25.8% increase in profits, suggesting that while the company is growing, investor sentiment remains negative. The recent financial results have also contributed to this sentiment, with a notable drop in profit before tax and profit after tax compared to previous quarters.
In the broader market context, the stock's performance over the last week has been slightly better than the benchmark, with a return of 2.23% compared to a negligible change in the Sensex. However, over the past month and year-to-date, Ramkrishna Forgings has significantly underperformed the benchmark, which has seen a modest gain of 3.07% year-to-date. The high institutional holdings at 28.04% indicate that more knowledgeable investors are backing the company, yet the overall negative sentiment and recent poor financial performance have led to a lack of investor participation, further exacerbating the stock's decline.