Why is Galaxy Bearings falling/rising?

As of 20-Oct, Galaxy Bearings Ltd is experiencing a significant rise in its stock price, currently at Rs 844.00, reflecting an increase of Rs 85.65 or 11.29%. Today's price movement indicates a trend reversal, as the stock has gained after five consecutive days of decline. It outperformed its sector by 11.84% today and reached an intraday high of Rs 887, showcasing high volatility with an intraday fluctuation of 8.37%. Despite a poor performance over the past year, with a return of -37.19%, the stock has shown some positive indicators such as a high return on equity (ROE) of 18.89% and a low debt-to-equity ratio, suggesting some underlying strength. However, the company has faced challenges, including a decline in net sales and operating profit, which have negatively impacted its recent performance.
In the broader market context, the stock's short-term return of +0.77% over the past week is underperforming compared to the Sensex, which has gained 2.47% in the same period. This underperformance is part of a longer trend, as Galaxy Bearings has lagged behind the benchmark in various time frames, including a -19.84% return year-to-date compared to the Sensex's +7.97%. The stock's recent rise may be attributed to increased investor participation, as indicated by a significant rise in delivery volume, but the overall outlook remains cautious due to the company's negative results over the last three quarters and poor long-term growth prospects.