Why is Galaxy Bearings falling/rising?

As of 24-Sep, Galaxy Bearings Ltd's stock price is currently at 882.95, reflecting an increase of 10.0 or 1.15%. The stock has shown a trend reversal today, gaining after two consecutive days of decline. It opened with a significant gain of 3.06% and reached an intraday high of Rs 899.7. Despite this positive movement, the stock has underperformed in the longer term, with a year-to-date decline of 16.14% and a one-year drop of 36.33%. Notably, there has been a substantial increase in investor participation, with delivery volume rising by 538.34% compared to the five-day average, indicating renewed interest in the stock.
In the broader market context, Galaxy Bearings' recent performance contrasts with the Sensex, which has shown a slight increase of 4.58% year-to-date. Over the past week, Galaxy Bearings has underperformed the benchmark, with a decline of 1.62% compared to the Sensex's 1.18% drop. This suggests that while the stock is experiencing a short-term recovery, it still faces challenges in the context of broader market trends. The stock's liquidity remains adequate for trading, which may support its recent price increase, but the overall negative returns over longer periods highlight ongoing concerns among investors.