Why is NRB Bearings falling/rising?

As of 02-Jul, NRB Bearings Ltd is currently priced at 294.60, reflecting a decrease of 3.35, or 1.12%. The stock has underperformed its sector today by 2.14% and has experienced a consecutive decline over the last two days, resulting in a total drop of 2.13%. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 0.94% and 9.84%, respectively. However, over the past year, NRB Bearings has significantly underperformed, with a return of -14.87%, despite a notable increase in profits by 41.7%. The company's low Debt to EBITDA ratio of 1.06 times and a PEG ratio of 0.5 suggest a fair valuation, but the high percentage of pledged promoter shares (91.35%) raises concerns, particularly in a declining market.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the BSE500 index, which generated a return of 3.11% over the last year. While NRB Bearings has shown strong returns over longer periods, such as 114.18% over three years, its recent struggles highlight a lack of long-term growth, with net sales growing at only 9.09% annually over the last five years. The flat results reported for March 2025, including a significant drop in PAT and EPS, further contribute to the stock's negative sentiment among investors, leading to its current price decline.