Why is Ajax Engineering falling/rising?

As of 07-Jul, Ajax Engineering Ltd is experiencing a price increase, currently at Rs 679.90, which reflects a rise of Rs 16.9 or 2.55%. The stock has shown strong performance recently, with a consecutive gain over the last three days, resulting in an overall increase of 8.28% during this period. Additionally, it has outperformed its sector by 2.8% today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Furthermore, there has been a significant rise in investor participation, with delivery volume increasing by 871.02% against the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Ajax Engineering's 1-week return of +7.61% contrasts sharply with the Sensex, which has seen a slight decline of -0.20% during the same period. This indicates that the stock is performing well relative to the overall market. Over the past month, Ajax Engineering has also outperformed the Sensex, with a return of +9.22% compared to the benchmark's +1.53%. This strong performance amidst a relatively flat market suggests that specific factors related to Ajax Engineering are driving its stock price upward, while the broader market remains subdued.