Why is Ajax Engineering falling/rising?

As of 03-Jul, Ajax Engineering Ltd's stock price is currently at Rs 643.75, reflecting an increase of Rs 15.85, or 2.52%. The stock has shown a positive trend today, outperforming its sector by 1.87% and reversing a two-day decline. It reached an intraday high of Rs 649.85, which is a 3.5% increase. Additionally, the stock's performance over the past week has been positive, with a return of 2.08%, while the benchmark Sensex has decreased by 0.62%. The stock is trading above its 5-day, 20-day, 100-day, and 200-day moving averages, though it remains below its 50-day moving average. Notably, there has been a significant increase in investor participation, with delivery volume rising by 548.78% compared to the 5-day average, indicating heightened interest in the stock.
In the broader market context, Ajax Engineering's short-term performance has been favorable compared to the Sensex, which has declined over the same period. While the stock has gained 2.08% in the past week, the benchmark has experienced a loss, suggesting that investor sentiment towards Ajax Engineering is stronger relative to the overall market. However, the one-month return for the stock is lower at 0.76%, while the Sensex has increased by 3.10%, indicating some volatility in the stock's performance. Overall, the combination of a positive trend reversal, increased trading volume, and strong short-term returns relative to the benchmark contributes to the stock's rising price.