Why is NRB Bearings falling/rising?

As of 25-Jun, NRB Bearings Ltd's stock price is currently at 291.85, reflecting an increase of 3.6, or 1.25%. The stock has been performing well recently, having outperformed its sector by 1.26% today and achieving a consecutive gain over the last two days with a total return of 2.6%. Additionally, the stock has shown strong performance over the past week and month, with returns of +7.61% and +5.36%, respectively. Despite a year-over-year decline of 16.55%, the company has seen a significant profit increase of 41.7%, contributing to a favorable PEG ratio of 0.5, which suggests the stock is undervalued compared to its earnings growth potential. The company also maintains a low Debt to EBITDA ratio of 1.06, indicating a strong ability to service its debt.
In the broader market context, NRB Bearings' recent performance contrasts positively with the Sensex, which has only gained 1.61% over the past week. This indicates that the stock is gaining traction relative to the overall market. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 50.94% against the five-day average, which could signal a potential concern for future liquidity. Despite this, the stock's trading above all key moving averages suggests a bullish trend, and its fair valuation compared to peers may attract further interest from investors looking for growth opportunities.