Why is NRB Bearings falling/rising?

As of 04-Jul, NRB Bearings Ltd's stock price is currently at 288.75, reflecting a decrease of 7.85, or 2.65%. Today's price summary indicates that the stock opened with a gain of 2.76% but subsequently fell to an intraday low of Rs 288, resulting in an overall underperformance against its sector by 1.06%. Over the past week, the stock has slightly underperformed with a return of -0.31%, while it has shown a more favorable performance over the past month with an increase of 8.59%. However, the stock has significantly underperformed over the past year, with a decline of 17.24%. Factors contributing to this decline include a poor long-term growth outlook, as evidenced by flat results in the most recent quarter and a high percentage of pledged promoter shares, which can exert downward pressure on the stock price.
In the broader market context, NRB Bearings has underperformed compared to the benchmark, as the BSE500 has generated a positive return of 2.13% over the last year while NRB Bearings has seen a negative return of 17.24%. Although the stock has a strong ability to service debt and is trading at a discount compared to its peers, the recent fall in investor participation, with a significant drop in delivery volume, suggests waning interest. The company's recent financial performance, including a substantial decline in PAT and EPS, further exacerbates investor concerns, leading to the current downward movement in the stock price.