Why is NRB Bearings falling/rising?

As of 18-Jul, NRB Bearings Ltd is experiencing a price increase, currently at 303.00, which reflects a rise of 1.0 or 0.33%. The stock has shown strong performance recently, gaining 5.85% over the last four days and outperforming the Sensex, which has declined by 0.90% over the past week. Additionally, NRB Bearings is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company also benefits from rising investor participation, with a significant increase in delivery volume, suggesting growing interest among traders. Furthermore, despite a year-over-year return of -6.64%, the company's profits have increased by 41.7%, and it maintains a low Debt to EBITDA ratio of 1.06 times, which supports its ability to service debt effectively.
In the broader market context, NRB Bearings has outperformed the Sensex in both the 1-week and 1-month periods, with returns of +4.14% and +11.73%, respectively, compared to the Sensex's +0.38%. This indicates that the stock is gaining traction relative to the overall market, which may be contributing to its upward price movement. The stock is currently trading at a discount compared to its peers' average historical valuations, which could attract more investors looking for value opportunities. Overall, the combination of strong recent performance, positive financial metrics, and favorable market conditions appears to be driving the stock's rise.