Why is NRB Bearings falling/rising?

As of 26-Jun, NRB Bearings Ltd is currently priced at 293.30, reflecting an increase of 1.45 (0.5%). The stock has shown a positive trend recently, gaining 3.11% over the last three days and outperforming its sector by 1.28%. Despite a recent intraday low of Rs 283.75, the stock is trading above its moving averages across various time frames, indicating a strong upward momentum. However, there has been a notable decline in investor participation, with delivery volume falling by 52.14% compared to the five-day average. The company's ability to service debt is strong, supported by a low Debt to EBITDA ratio of 1.06 times, and its profits have risen by 41.7% over the past year, contributing to a PEG ratio of 0.5, which suggests the stock is undervalued relative to its earnings growth.
In the broader market context, NRB Bearings has outperformed the Sensex over the past week and month, with returns of 6.11% and 8.97%, respectively, compared to the Sensex's 2.94% and 1.92%. However, year-to-date, the stock has underperformed the benchmark, with a return of 4.21% against the Sensex's 7.19%. The stock's long-term performance shows a significant increase over three and five years, with returns of 123.72% and 245.47%, respectively, compared to the Sensex's 58.85% and 138.14%. This indicates that while the stock has faced challenges in the short term, its long-term growth potential remains strong, contributing to the recent rise in its price.