Why is Ajanta Soya falling/rising?

As of 15-Oct, Ajanta Soya Ltd is experiencing a decline in its stock price, currently at 33.05, which reflects a decrease of 0.34 or 1.02%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 8.6% during this period. Additionally, Ajanta Soya's performance over the past week shows a significant drop of 7.24%, and its year-to-date return is down by 31.77%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Although there has been a rise in investor participation, with delivery volume increasing by 64.62% against the 5-day average, the overall sentiment remains negative, and no positive factors are noted to counterbalance this trend.
In the broader market context, Ajanta Soya's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.02% over the past week. While the Sensex has shown resilience with a year-to-date increase of 5.72%, Ajanta Soya's substantial declines highlight its struggles relative to the market. This disparity suggests that investor confidence in Ajanta Soya is waning, further exacerbated by its poor performance metrics compared to the benchmark. The lack of positive developments or factors to support a rebound in the stock price contributes to its ongoing decline.