Why is NRB Bearings falling/rising?

As of 30-Jun, NRB Bearings Ltd is experiencing a price increase, currently at Rs 301.00, reflecting a rise of Rs 11.35 or 3.92%. The stock has shown strong performance today, reaching an intraday high of Rs 304, which is a 4.95% increase. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Over the past week, the stock has gained 5.82%, and over the past month, it has risen by 11.79%. Despite a year-over-year decline of 13.79%, the company's profits have increased by 41.7%, and it maintains a low Debt to EBITDA ratio of 1.06, suggesting strong financial health. The stock is currently trading at a discount compared to its peers, which may attract investors.
In the broader market context, NRB Bearings has outperformed the Sensex in the short term, with a 1-week return of 5.82% compared to the Sensex's 2.09%. The bearings sector has also seen a gain of 4%, contributing to the stock's positive movement. However, there is a noted decline in investor participation, with a significant drop in delivery volume, which could indicate caution among investors. Despite this, the liquidity remains adequate for trading, suggesting that the stock is still accessible for investors looking to capitalize on its current valuation.