Why is Ajax Engineering falling/rising?

As of 04-Jul, Ajax Engineering Ltd is experiencing a price increase, with its current price at Rs 663.00, reflecting a rise of Rs 19.25 or 2.99%. The stock has shown strong performance today, outperforming its sector by 2.77% and achieving a consecutive gain over the last two days, with a total return of 5.59% during this period. Additionally, the stock has touched an intraday high of Rs 669, and it is trading above all its moving averages, indicating a positive trend. Notably, there has been a significant increase in investor participation, with delivery volume rising by 1237.8% compared to the 5-day average, which suggests heightened interest in the stock.
In the broader market context, Ajax Engineering's short-term return of 5.81% over the past week stands in stark contrast to the Sensex, which has declined by 0.74% during the same period. This indicates that Ajax Engineering is not only performing well relative to its sector but also gaining traction against the broader market. While the stock's performance over longer periods is not available, the current momentum and increased liquidity suggest a positive outlook for investors.