Why is Ajanta Soya falling/rising?

As of 16-Jul, Ajanta Soya Ltd's stock price is currently at 37.40, reflecting an increase of 0.22 or 0.59%. Despite this recent uptick, the stock has underperformed its sector by 4.95% today and has seen a decline of 1.76% over the past week and 9.20% over the past month. However, it has shown a positive trend with a 2.95% gain over the last two days. The company has reported strong financial performance with a 210.67% growth in PAT over the last six months and record net sales of Rs 388.39 cr, contributing to a favorable valuation with a low Price to Book Value ratio. Nevertheless, the stock has been trading below its moving averages, indicating potential weakness, and there has been a notable drop in investor participation, with delivery volume decreasing by 20.32% compared to the five-day average.
Broader market context shows that while Ajanta Soya has generated a return of 20.80% over the past year, significantly outperforming the BSE500's return of 0.47%, its long-term growth prospects appear limited, with net sales growing at an annual rate of only 11.84% over the last five years. The refined oil and vanaspati sector has gained by 5.66%, contrasting with Ajanta Soya's recent struggles. This divergence highlights the challenges the company faces in maintaining momentum despite its short-term gains, as broader market conditions and sector performance could influence investor sentiment and stock price movements moving forward.