Why is NRB Bearings falling/rising?

As of 18-Aug, NRB Bearings Ltd's stock price is currently at Rs 287.75, reflecting an increase of Rs 6.55 or 2.33%. Today, the stock opened with a gain of 2.06% and reached an intraday high of Rs 287.85. Despite this positive movement, the stock has experienced a decline of 5.03% over the past month and a significant drop of 7.48% over the past year. The company shows a strong ability to service debt with a low Debt to EBITDA ratio of 1.06 times and has healthy long-term growth potential, as indicated by an annual operating profit growth rate of 72.65%. However, the stock faces challenges such as a flat PAT growth of -38.20% in the latest six months and a high percentage of pledged promoter shares, which could exert downward pressure in a falling market.
In the broader market context, NRB Bearings has outperformed the Sensex in the short term, with a 1-week return of +2.91% compared to the Sensex's +0.83%. While the stock has shown resilience in the short term, the overall trend indicates a struggle over the longer term, particularly with a 1-year return of -7.48% against the Sensex's +1.04%. The falling investor participation, evidenced by a 73.27% decrease in delivery volume, suggests a lack of confidence among investors, which could further impact the stock's performance moving forward.