Why is Ajax Engineering falling/rising?

As of 05-Jun, Ajax Engineering Ltd is currently priced at 617.00, reflecting a decrease of 11.45, or 1.82%. The stock has been on a downward trend, having fallen for the last seven days, resulting in a total decline of 9.99% during this period. Additionally, it has underperformed its sector by 2.28% today. The stock is 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 notable increase in investor participation, with delivery volume rising by 203.22% against the 5-day average, the overall sentiment remains negative, and no positive factors are available to counterbalance the recent declines.
Broader market context shows that over the past week, Ajax Engineering has underperformed the Sensex, which has only decreased by 0.23%, while Ajax's decline stands at 5.66%. In the one-month period, Ajax has also seen a drop of 7.12%, contrasting with the Sensex's gain of 0.80%. This suggests that the stock's recent struggles are not just isolated but are part of a broader trend of underperformance relative to the market benchmark.