Why is Ajanta Soya falling/rising?

As of 22-Jul, Ajanta Soya Ltd's stock price is currently flat at 37.31, with no change in percentage terms. The stock has been experiencing a decline, having fallen consecutively for the last three days, resulting in a total decrease of -1.84% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite these short-term challenges, the company has reported positive results over the last five consecutive quarters, with a significant growth in profit after tax (PAT) and net sales, which may support a more favorable long-term outlook. However, the stock's performance over the past month shows a decline of -4.82%, contrasting with a positive annual return of 22.29%, suggesting volatility in the short term.
In the broader market context, Ajanta Soya's recent performance has been relatively better than the benchmark, as it has outperformed the Sensex with a 1-year return of 22.29% compared to the benchmark's 2.09%. However, the stock's short-term performance has been lackluster, with a -0.35% return over the past week while the Sensex has declined by -0.47%. The falling investor participation, as indicated by a significant drop in delivery volume, may also contribute to the stock's downward pressure. Overall, while the company shows strong fundamentals and attractive valuations, the recent price movements reflect a struggle against broader market trends and investor sentiment.