Why is NRB Bearings falling/rising?

As of 03-Jul, NRB Bearings Ltd is experiencing a price increase, currently at Rs 296.60, reflecting a change of 2.0 (0.68%) upward. The stock has shown a positive trend today, outperforming its sector by 1.16% and reversing a two-day decline. It reached an intraday high of Rs 302, indicating strong intraday performance. Over the past week, the stock has gained 1.13%, while its one-month return stands at 11.55%. Despite a year-to-date increase of 5.38%, the stock has underperformed over the past year with a decline of 13.93%. The company maintains a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.06 times, and its profits have risen by 41.7% despite the negative return, suggesting a fair valuation relative to peers.
Broader market context indicates that while NRB Bearings has shown short-term resilience, the benchmark Sensex has declined by 0.62% over the past week. The stock's performance contrasts with the broader market, where it has underperformed over the last year, generating negative returns compared to the BSE500's 2.20% gain. Additionally, the high percentage of pledged promoter shares (91.35%) may exert downward pressure on the stock in a falling market, despite its recent gains. The overall liquidity remains adequate, but the recent decline in investor participation, with a significant drop in delivery volume, could pose challenges for sustained upward momentum.