Why is Galaxy Bearings falling/rising?

As of 15-Oct, Galaxy Bearings Ltd is currently priced at 807.80, reflecting a rise of 3.15 (0.39%). The stock has shown a positive movement today, gaining after two consecutive days of decline, and opened with a gain of 3.12%. It reached an intraday high of Rs 829.75, although it also experienced a low of Rs 763. Despite this upward movement today, the stock has underperformed in the longer term, with a year-to-date decline of 23.28% and a one-year drop of 41.04%. The stock is currently trading below all major moving averages, indicating a bearish trend over the medium to long term. There is a notable increase in investor participation, with delivery volume rising significantly, which may suggest growing interest despite the overall negative performance in the bearings sector.
Broader Market Context: In the context of the broader market, Galaxy Bearings has struggled compared to the Sensex, which has gained 5.72% year-to-date. Over the past week, the stock has declined by 4.96%, while the Sensex has increased by 1.02%. This underperformance highlights the challenges faced by Galaxy Bearings in attracting investor confidence relative to the overall market. The recent price movement, while positive today, does not negate the stock's significant losses over the past year and the broader sector's decline of 11.62%.