Why is NRB Bearings falling/rising?

As of 12-Aug, NRB Bearings Ltd is experiencing a price increase, currently at 282.35, reflecting a change of 2.75 or 0.98% upwards. Today's price summary indicates that the stock has outperformed its sector by 0.54% and has shown a trend reversal after two consecutive days of decline. The stock's performance over the past week has been positive at +0.48%, while it has underperformed in the one-month period at -2.96%. Despite a one-year return of -9.15%, the company's profits have increased by 45.3%, contributing to a low PEG ratio of 0.4, suggesting that the stock is undervalued compared to its peers. Additionally, the company maintains a strong ability to service debt with a low Debt to EBITDA ratio of 1.06 times, which supports its healthy long-term growth prospects.
In the broader market context, NRB Bearings' recent performance contrasts with the Sensex, which has declined by 0.59% over the past week. The stock's ability to rise despite a generally unfavorable market environment indicates strong investor confidence, as evidenced by an 88.75% increase in delivery volume on 11 August compared to the five-day average. The stock's liquidity is also favorable, allowing for adequate trading activity. Overall, while the stock has faced challenges in the longer term, its recent upward movement can be attributed to improved investor participation and strong fundamentals, which position it well against the backdrop of a declining benchmark.