Why is Bimetal Bearings falling/rising?

As of 09-Jul, Bimetal Bearings Ltd. is experiencing a price increase, with its current price at 662.85, reflecting a change of 9.85 or 1.51% upward. The stock has outperformed its sector by 0.88% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, as the delivery volume has decreased by 50.27% compared to the 5-day average. Over the past week, the stock has shown a return of 4.80%, significantly outperforming the Sensex, which only increased by 0.15%. Despite a year-to-date decline of 3.70%, the company has seen a profit increase of 13.6%, indicating a strong underlying performance relative to its stock price movement.
In the broader market context, Bimetal Bearings' short-term performance of 4.80% over the past week stands in stark contrast to the Sensex's modest gain of 0.15%, highlighting its relative strength. The company's low debt-to-equity ratio and attractive valuation, with a price-to-book value of 1.1, suggest that it is trading at fair value compared to its peers. The positive return on equity of 5 and a PEG ratio of 1.7 further support the stock's appeal. However, the significant drop in delivery volume may raise concerns about liquidity and investor confidence, which could impact future price movements.