Why is Galaxy Bearings falling/rising?

As of 29-Oct, Galaxy Bearings Ltd is experiencing a decline in its stock price, currently at Rs 747.60, which represents a decrease of 15.0 points or 1.97%. The stock has been underperforming significantly, having fallen consecutively for the last six days, resulting in a total decline of 11.01% during this period. Additionally, it opened with a loss of 3.36% today and reached an intraday low of Rs 737. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In terms of performance against benchmarks, Galaxy Bearings has underperformed the sector by 2.94% today and has seen substantial declines over various periods, including a 29.00% drop year-to-date and a 43.15% decline over the past year. Notably, there is a rise in investor participation, with delivery volume increasing by 97.51% against the 5-day average, suggesting some interest despite the overall negative performance.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.68% over the past week and 5.76% over the past month, Galaxy Bearings' performance has been markedly poor, with a 10.80% decline over the last week and a 16.00% drop over the last month. This stark contrast highlights the stock's struggles relative to the broader market, where the Sensex has shown resilience and growth. The overall liquidity of the stock remains adequate for trading, but the persistent downward trend and significant underperformance against the benchmark indicate a challenging environment for Galaxy Bearings Ltd.