Why is NRB Indl Bearing falling/rising?

As of 17-Nov, NRB Industrial Bearings Ltd is experiencing a price increase, with its current price at Rs 32.00, reflecting a rise of Rs 1.48 or 4.85%. The stock has shown strong performance today, outperforming its sector by 3.05% and reaching an intraday high of Rs 32. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable increase in investor participation, with a delivery volume of 67.2k on November 14, which is up by 54.78% compared to the 5-day average. The stock has also demonstrated impressive returns over various periods, including a 34.45% increase year-to-date and a 367.84% rise over the past five years.
In the broader market context, NRB Industrial Bearings Ltd has significantly outperformed the Sensex, which has only increased by 1.69% over the past week, while the stock itself has surged by 17.00%. This trend of outperformance is consistent across multiple time frames, with the stock showing a 9.10% increase over the past month compared to the Sensex's 1.19%. The strong performance relative to the benchmark suggests that investor sentiment towards NRB Industrial Bearings Ltd remains positive, contributing to its rising stock price.