Why is Ramkrishna Forg. falling/rising?

As of 18-Aug, Ramkrishna Forgings Ltd is experiencing a price increase, currently at Rs 577.45, reflecting a rise of Rs 11.25 or 1.99%. The stock has shown a trend reversal after two consecutive days of decline, outperforming its sector by 1.24%. Despite this positive movement today, the stock is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 0.67%, and it has significantly underperformed the market over the past month and year, with returns of -10.42% and -38.63%, respectively. The company has shown healthy long-term growth with net sales increasing at an annual rate of 34.41% and operating profit rising by 76.28%, but it has also faced negative results in its latest quarterly performance, which may weigh on investor sentiment.
Broader market context indicates that while the Sensex has gained 0.83% over the past week, Ramkrishna Forgings Ltd has lagged behind with a decline of 0.67%. The stock's performance over the last year has been notably poor compared to the broader market, which has only fallen by 1.14%. High institutional holdings at 28.04% suggest that knowledgeable investors are involved, yet the stock's significant drop in profit before tax and profit after tax in the latest quarter raises concerns. Despite the stock trading at a discount compared to its peers, the overall negative sentiment from its recent financial results and underperformance relative to the market may contribute to its volatility and cautious trading behavior.