Why is NRB Bearings falling/rising?

As of 16-Jul, NRB Bearings Ltd is experiencing a price increase, with its current price at 301.80, reflecting a rise of 14.3 or 4.97%. The stock has been gaining momentum, having outperformed its sector by 5.62% today and achieving a consecutive gain over the last two days with a total return of 5.43%. It reached an intraday high of Rs 303.3, and it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock's delivery volume has increased by 18.44% compared to the 5-day average, indicating rising investor participation. Despite a year-over-year return of -8.42%, the company's profits have surged by 41.7%, supported by a low Debt to EBITDA ratio of 1.06 times and a favorable PEG ratio of 0.5, suggesting that the stock is undervalued relative to its earnings growth.
In the broader market context, NRB Bearings has shown a strong performance relative to the benchmark, with a 1-week return of +7.15% compared to the Sensex's -1.08%. Over the past month, the stock has gained +19.29%, significantly outperforming the Sensex's +1.02%. This trend indicates that while the overall market may be struggling, NRB Bearings is attracting investor interest and demonstrating resilience. The stock's performance over the last three years, with a return of +118.46% compared to the Sensex's +53.71%, further underscores its strong position in the market.