Why is NRB Bearings falling/rising?

As of 24-Jul, NRB Bearings Ltd is experiencing a decline in its stock price, currently at Rs 301.00, which reflects a decrease of Rs 7.8 or 2.53%. The stock has underperformed its sector by 1.63% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 300.75, indicating a downward trend. Over the past week, the stock has decreased by 0.33%, while it has shown a modest increase of 4.42% over the past month. Despite a year-to-date gain of 6.95%, the stock has faced a significant decline of 9.34% over the past year. 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, contributing to a PEG ratio of 0.5, suggesting fair valuation compared to peers.
In the broader market context, NRB Bearings' recent performance contrasts with the Sensex, which has shown a slight decline of 0.09% over the past week. The stock's liquidity remains adequate, with a delivery volume that has decreased by 20.48% against the five-day average, reflecting falling investor participation. Although the stock is trading at a discount compared to its peers' average historical valuations, the recent price movement indicates a struggle to maintain momentum in a challenging market environment.