Why is NRB Bearings falling/rising?

As of 02-Sep, NRB Bearings Ltd is experiencing a price increase, currently at 290.95, which reflects a rise of 4.15 or 1.45%. The stock has shown strong performance recently, outperforming its sector by 1.6% today and has been on a consecutive gain streak for the last three days, accumulating a total return of 3.06% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a year-to-date return of 3.38%, the stock has faced challenges over the past year with a decline of 10.02%. However, the company's strong fundamentals, such as a low Debt to EBITDA ratio of 1.06 and a significant annual growth rate of 72.65% in operating profit, support its recent upward movement.
In the broader market context, NRB Bearings has outperformed the Sensex, which has declined by 0.78% over the past week, while NRB Bearings itself has gained 1.70%. This trend is further emphasized by the stock's performance over the last month, where it has risen by 3.14% compared to the Sensex's decline of 0.55%. The stock's fair valuation, indicated by a PEG ratio of 0.5 and a return on capital employed (ROCE) of 14.9, suggests that it is trading at a discount relative to its peers, which may attract investor interest despite a slight decrease in delivery volume. Overall, these factors contribute to the stock's positive momentum in the current market environment.