Why is Tirupati Forge falling/rising?

As of 12-Aug, Tirupati Forge Ltd is experiencing a decline in its stock price, currently at 36.92, reflecting a decrease of 1.69 or 4.38%. The stock has underperformed its sector by 3.7% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 4.72%, and it has seen a significant decline of 15.36% over the past month. Despite a strong long-term growth rate in net sales and operating profit, the company has reported negative results for the last three consecutive quarters, with a notable drop in profit after tax and profit before tax. This negative performance, coupled with an expensive valuation relative to its peers, has contributed to the stock's recent downward movement. In the broader market context, the Sensex has only declined by 0.67% over the past week, indicating that Tirupati Forge's short-term performance is significantly worse than the benchmark. While the stock has generated a positive return of 12.84% over the past year, its profits have fallen by 17.8%, suggesting that the recent price drop is not aligned with its historical performance. The stock's liquidity remains adequate, but the overall negative sentiment stemming from poor quarterly results and high valuation metrics appears to be driving investor caution, leading to the current decline in stock price.