Why is NRB Bearings falling/rising?

As of 23-Jun, NRB Bearings Ltd is experiencing a decline in its stock price, currently at Rs 284.45, which reflects a decrease of Rs 6.1 or 2.1%. The stock has underperformed its sector by 1.44% today and has fallen after four consecutive days of gains, reaching an intraday low of Rs 279.65. Despite this recent downturn, the stock has shown positive performance over the past week with a return of 12.43%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the company has demonstrated strong investor interest, with a notable increase in delivery volume, suggesting ongoing liquidity and trading activity. However, the stock's one-year performance remains negative at -15.03%, despite a significant increase in profits of 41.7%, indicating a potential undervaluation compared to its peers.
In the broader market context, NRB Bearings' short-term performance of +12.43% over the past week significantly outpaces the Sensex, which has only increased by 0.12% in the same period. This indicates that while the stock is currently facing a decline, it has been performing well relative to the market recently. The company's low Debt to EBITDA ratio of 1.06 times and a fair valuation with a PEG ratio of 0.5 suggest that it has a strong ability to service its debt and may be undervalued, which could support future price recovery. However, the overall negative return over the past year compared to the Sensex's positive return of 6.07% highlights the challenges the stock faces in regaining investor confidence.