Why is NRB Bearings falling/rising?

As of 21-Jul, NRB Bearings Ltd is currently priced at 302.00, reflecting a decrease of 1.0 (-0.33%). The stock has recently underperformed its sector by 1.67% and has experienced a trend reversal, falling after four consecutive days of gains. Despite this decline, NRB Bearings has shown positive returns over the past week (+5.50%) and month (+3.94%), although it has a negative return of -3.55% over the past year. The stock is trading above its moving averages, indicating a generally positive trend, but there has been a decrease in investor participation, with delivery volume falling by 1.58% against the five-day average. The company maintains a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.06 times, and its profits have risen by 41.7% over the past year, contributing to a PEG ratio of 0.5, suggesting fair valuation compared to peers.
In the broader market context, NRB Bearings has outperformed the Sensex over the past week and month, while year-to-date, it has a return of +7.30% compared to the Sensex's +5.20%. However, the stock's one-year performance is lagging behind the benchmark, which has returned +1.98%. The recent price decline may reflect a market correction after a period of gains, alongside reduced investor engagement. Overall, while the stock has shown resilience and strong fundamentals, the recent price movement indicates a temporary setback amidst a generally positive performance relative to the market.