Why is NRB Bearings falling/rising?

As of 23-Jul, NRB Bearings Ltd is experiencing a price increase, currently trading at 308.80, which reflects a rise of 2.55 or 0.83%. The stock has shown strong performance recently, outperforming its sector by 1.3% today and achieving a consecutive gain over the last two days with a total return of 2.25%. Additionally, NRB Bearings has demonstrated positive returns over the past week and month, with increases of 2.32% and 8.56%, respectively. The company maintains a low Debt to EBITDA ratio of 1.06 times, indicating a strong ability to service debt, and its profits have risen by 41.7% over the past year despite a slight decline in stock returns of -3.14%. This suggests that the stock is trading at a discount compared to its peers, supported by a favorable PEG ratio of 0.6.
In the broader market context, NRB Bearings has outperformed the Sensex, which has only increased by 0.11% over the past week, while the stock has gained 2.32%. This trend continues in the longer term, with NRB Bearings showing a year-to-date return of 9.72% compared to the Sensex's 5.87%. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 24% against the five-day average, which could indicate a potential concern for future trading activity. Despite this, the stock's liquidity remains adequate for trading, suggesting that the recent price increase is supported by solid fundamentals and market performance relative to the benchmark.