Why is Ajanta Soya falling/rising?

As of 09-Sep, Ajanta Soya Ltd's stock price is currently at 35.81, reflecting an increase of 0.12 or 0.34%. The stock has outperformed its sector by 0.3% today, although it is trading below its 100-day and 200-day moving averages. Over the past week, the stock has seen a return of +0.62%, while its performance over the last month stands at +13.90%. Despite these short-term gains, the stock has experienced a significant decline of -26.07% year-to-date and -19.85% over the past year. The company has a low debt-to-equity ratio and a strong return on equity of 18.8%, indicating an attractive valuation, yet it has faced challenges with poor long-term growth and disappointing quarterly results, which may contribute to investor caution.
In the broader market context, the Sensex has increased by +1.18% over the past week and +1.56% over the past month, indicating a stronger performance compared to Ajanta Soya's returns in the same periods. The stock's declining investor participation, with a significant drop in delivery volume, suggests a lack of confidence among investors, which could be impacting its price movement despite its recent gains. Overall, while Ajanta Soya has shown some positive short-term performance, its long-term growth concerns and underperformance relative to the broader market may be contributing to a cautious outlook among investors.