Why is NRB Bearings falling/rising?

As of 25-Jul, NRB Bearings Ltd is currently priced at 290.00, reflecting a decline of 11.0 points or 3.65%. The stock has been underperforming, having lost 6.09% over the last two days, and it touched an intraday low of Rs 286.6. In the past week, the stock has decreased by 4.29%, while over the past month, it has seen a slight decline of 0.63%. Despite a year-to-date gain of 3.04%, the stock has underperformed significantly over the past year with a return of -11.85%. However, the company shows strong fundamentals with a low Debt to EBITDA ratio of 1.06 and a PEG ratio of 0.5, indicating potential for future growth despite recent price declines.
Broader market context shows that the Sensex has only fallen by 0.36% in the past week, indicating that NRB Bearings' decline is more pronounced than the overall market. The bearings sector itself has also seen a drop of 2.88%, contributing to the stock's negative performance. While the stock is trading at a discount compared to its peers, the recent price movement suggests that investor sentiment may be cautious, despite rising delivery volumes indicating increased investor participation. Overall, the combination of sector performance, recent price trends, and the company's financial health provides a complex picture of why NRB Bearings is currently experiencing a decline.