Why is Galaxy Bearings falling/rising?

As of 28-Aug, Galaxy Bearings Ltd is currently priced at 884.00, reflecting a decrease of 1.5, or 0.17%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 3.79% during this period. It opened the day with a significant loss of 3.63%, reaching an intraday low of Rs 853.35, although it did touch a high of Rs 905 earlier in the day. Over the past week, the stock has underperformed with a return of -1.89%, and it has seen a substantial decline of 37.13% over the past year. Despite a high management efficiency indicated by an ROE of 18.89% and a low debt-to-equity ratio, the company has reported negative results for the last three consecutive quarters, with profits falling by 30.5%. This poor performance, alongside a decline in operating profit and net sales, contributes to the stock's recent downward movement.
In the broader market context, Galaxy Bearings has outperformed its sector by 1.46% today, but it still lags behind the benchmark Sensex, which has seen a decline of 2.34% over the past week. The stock's year-to-date performance shows a significant underperformance compared to the Sensex, which has gained 2.48% during the same period. The company’s long-term growth prospects appear poor, with net sales and operating profit growth rates declining significantly over the last five years. This combination of negative financial results and underperformance relative to the broader market contributes to the stock's current downward trajectory.