Why is NRB Bearings falling/rising?

As of 08-Jul, NRB Bearings Ltd is currently priced at 284.15, reflecting a decrease of 0.4, or 0.14%. The stock has been underperforming, having fallen for the last three days with a total decline of 4.2%. It has also underperformed its sector by 2.81% today. In terms of returns, the stock has experienced a 4.63% decline over the past week, while it has gained 6.44% over the past month. Despite a year-to-date return of 0.96%, the stock has significantly underperformed over the past year with a decline of 15.29%. However, the company shows strong fundamentals with a low Debt to EBITDA ratio of 1.06 times and a PEG ratio of 0.5, indicating a fair valuation compared to its peers.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, while NRB Bearings has declined, highlighting its underperformance relative to the benchmark. The sector as a whole has gained by 2.68%, further emphasizing the stock's struggles. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 66.28% against the five-day average, which may indicate waning interest among investors. Despite these challenges, the company's profits have risen by 41.7% over the past year, suggesting potential for recovery if market conditions improve.