Why is Ramkrishna Forg. falling/rising?

As of 24-Sep, Ramkrishna Forgings Ltd is experiencing a decline in its stock price, currently at Rs 562.50, reflecting a decrease of Rs 1.35 or 0.24%. The stock is trading lower than its moving averages across various time frames, indicating a bearish trend. Additionally, it is close to its 52-week low, just 2.32% away from Rs 549.45. The stock has underperformed significantly over the past year, with a return of -43.46%, compared to the Sensex's decline of only -3.77%. Despite a healthy long-term growth in net sales and operating profit, recent negative financial results, including a substantial drop in profit before tax and profit after tax, have contributed to the stock's poor performance.
In the broader market context, while the Sensex has shown a slight increase of 0.50% over the past month, Ramkrishna Forgings Ltd has seen a decline of 1.79% in the same period. The stock's performance has been notably weaker compared to the benchmark, particularly over the last year where it has significantly lagged behind the market's performance. The falling investor participation, as evidenced by a 40.23% drop in delivery volume, further exacerbates the stock's challenges. High institutional holdings may provide some support, but the overall negative sentiment stemming from disappointing quarterly results and a substantial year-to-date decline suggests a continued struggle for the stock in the near term.