Why is NRB Bearings falling/rising?

As of 15-Jul, NRB Bearings Ltd is experiencing a price increase, with its current price at 287.50, reflecting a change of 1.25 or 0.44% upward. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, as the delivery volume on 14 July fell by 10.56% compared to the 5-day average. Over the past week, the stock has outperformed the benchmark Sensex, gaining 1.18% while the index declined by 1.36%. Despite a year-over-year return of -13.82%, the company has shown a significant profit increase of 41.7%, and its PEG ratio of 0.5 suggests it is undervalued compared to its peers.
In the broader market context, NRB Bearings' recent performance contrasts with the Sensex, which has gained 1.79% over the past month while NRB Bearings has surged by 12.79%. This indicates that the stock is currently outperforming the market, particularly in the short term. The company's strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.06 times, along with a fair valuation based on its ROCE of 14.9, supports its upward price movement. Overall, while the stock has faced challenges over the past year, its recent performance and financial metrics suggest a positive outlook in the current market environment.