Why is Bimetal Bearings falling/rising?

As of 22-Sep, Bimetal Bearings Ltd. is experiencing a price increase, currently at 650.00, reflecting a change of 3.45 (0.53%) upward. The stock has outperformed its sector by 0.98% 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, with delivery volume falling by 35.38% against the 5-day average. Despite a year-to-date decline of 5.57%, the stock has shown positive performance over the past week and month, with returns of 2.69% and 1.53%, respectively. The company has reported strong financial results, including the highest operating cash flow and net sales in recent quarters, contributing to an attractive valuation with a low debt-to-equity ratio.
In the broader market context, Bimetal Bearings has outperformed the Sensex over the past week and month, while it has underperformed year-to-date and over the past year. The Sensex has increased by 0.46% in the last week and 1.05% in the last month, contrasting with Bimetal's stronger short-term gains. The company's positive financial indicators, such as an increase in profits and a favorable price-to-book value, suggest that the stock is trading at a fair value compared to its peers, which may support its recent price rise despite the overall negative trend in the longer term.