Why is NRB Bearings falling/rising?

As of 11-Jul, NRB Bearings Ltd is experiencing a price increase, currently at Rs 290.95, reflecting a rise of Rs 6.45 or 2.27%. The stock has shown strong performance today, outperforming its sector by 3.46% and achieving a consecutive gain over the last two days with a total return of 3.3%. Additionally, it has touched an intraday high of Rs 292, and it is trading above all key moving averages, indicating a positive trend. The stock's recent performance is further supported by a significant increase in delivery volume, which rose by 41.31% compared to the five-day average. Despite a one-year return of -13.54%, the company has seen a 41.7% increase in profits, and its low Debt to EBITDA ratio of 1.06 times suggests a strong ability to service debt, contributing to a fair valuation.
In the broader market context, NRB Bearings has outperformed the Sensex in the short term, with a one-week return of +0.76% compared to the benchmark's -1.12%. This indicates that while the overall market may be facing challenges, NRB Bearings is managing to attract investor interest and maintain upward momentum. The stock's performance over the past month, with an increase of 8.16%, further contrasts with the Sensex's near flat performance, suggesting that specific factors related to NRB Bearings are driving its price rise despite the broader market conditions.