Galaxy Bearings Hits 52-Week Low Amid Significant Performance Decline in Bearings Sector
Galaxy Bearings has reached a new 52-week low, with its stock price at Rs. 1000. The company has underperformed its sector and is trading below its moving averages across multiple time frames. Over the past year, it has seen a significant decline in performance compared to the Sensex.
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.
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