Why is Ajax Engineering falling/rising?

As of 10-Jul, Ajax Engineering Ltd's stock price is currently at Rs 693.85, reflecting a decrease of Rs 5.4 or 0.77%. The stock has recently experienced a trend reversal, falling after five consecutive days of gains. During today's trading session, the stock reached an intraday high of Rs 713.85 but also touched a low of Rs 682.55, indicating volatility. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 7.78% and 12.00% respectively. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend. There is also a notable increase in investor participation, with delivery volume rising by 217.28% compared to the 5-day average, indicating heightened interest. However, the absence of specific positive or negative factors in the dashboard limits a comprehensive analysis of the stock's recent movement.
In the broader market context, Ajax Engineering's performance over the past week has significantly outperformed the Sensex, which has remained nearly flat with a change of -0.06%. This contrast highlights the stock's relative strength in a stagnant market environment. While the stock is currently experiencing a decline, its recent upward momentum and strong trading volumes suggest that investor sentiment remains relatively positive despite today's downturn. The liquidity of the stock, based on its trading value, also supports its capacity for continued trading activity, which may help stabilize its price in the near term.