Why is Galaxy Bearings falling/rising?

As of 24-Oct, Galaxy Bearings Ltd is experiencing a decline in its stock price, currently at Rs 785.05, which reflects a decrease of Rs 38.25 or 4.65%. The stock has underperformed its sector by 4.7% today and has been on a downward trend for the last three days, accumulating a total loss of 6.55%. The stock reached an intraday high of Rs 843 but also fell to a low of Rs 780.2. Additionally, it is trading below all key moving averages, indicating a bearish trend. The delivery volume has significantly decreased, with a drop of 67.17% compared to the five-day average, suggesting reduced investor participation. Over the longer term, the stock has shown a negative performance with a year-to-date decline of 25.44% and a one-year drop of 39.84%.
In the broader market context, Galaxy Bearings' recent performance contrasts sharply with the Sensex, which has seen a modest gain of 0.31% over the past week. While the stock has gained 3.52% in the last week, it has underperformed significantly over the past month and year compared to the benchmark, which has risen by 3.05% and 5.18%, respectively. This disparity highlights the challenges faced by Galaxy Bearings in maintaining investor confidence and market traction, particularly as it struggles with declining trading volumes and consistent price drops.