Galaxy Bearings Hits 52-Week Low Amid Significant Performance Decline in Bearings Sector

Galaxy Bearings, a microcap player in the bearings industry, has reached a new 52-week low, with its stock price hitting Rs. 1000 on January 13, 2025. This marks a significant downturn for the company, which has underperformed its sector by 1.85% today. The stock opened with a gap down, reflecting a loss of 2.74% at the start of trading. During the session, Galaxy Bearings hit an intraday low of Rs. 1000, representing a decrease of 3.29%. The stock is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past year, the company has experienced a performance decline of 35.22%, in stark contrast to the Sensex, which has gained 6.06% during the same period.