Why is Ajanta Soya falling/rising?

As of 28-Jul, Ajanta Soya Ltd's stock price is currently at Rs 34.83, reflecting a decrease of Rs 1.27 or 3.52%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of 6.65% over the past week. Today's performance indicates that it underperformed its sector by 2.38%, with an intraday low of Rs 34.05. Additionally, the stock is trading below all its moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 29.35% compared to the five-day average. While the company has reported positive financial results over the past five quarters, including significant growth in profit after tax and net sales, the long-term growth outlook appears weak due to modest annual growth rates in net sales and operating profit over the last five years.
In the broader market context, Ajanta Soya's recent performance contrasts sharply with the benchmark index, as the stock has declined by 12.66% over the past month while the Sensex has only decreased by 3.77%. Despite the stock's ability to generate a return of 13.05% over the past year, it is currently facing challenges that have led to its recent price decline. The overall market has also been under pressure, with the BSE500 index showing negative returns of -2.52% in the last year. This context suggests that while Ajanta Soya has demonstrated strong short-term performance relative to the market, its recent struggles may be contributing to investor caution and selling pressure.