Why is Ajax Engineering falling/rising?

As of 18-Jul, Ajax Engineering Ltd's stock price is currently at 700.05, reflecting a decrease of 8.45, or 1.19%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, it has outperformed its sector by 0.43% today. The stock's performance over the past week shows a gain of 1.75%, and over the past month, it has risen by 16.09%. Additionally, Ajax Engineering is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. There is also a notable increase in investor participation, with delivery volume rising by 464.76% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Ajax Engineering's short-term performance has been favorable compared to the benchmark, as it has gained 1.75% over the past week while the Sensex has declined by 0.90%. This indicates that the stock is performing well relative to the overall market. However, the current decline in price may reflect profit-taking after its recent gains, as well as the stock's intraday low of Rs 689.6, which represents a 2.67% drop. Overall, while the stock has shown strong performance metrics, the recent price movement suggests a temporary setback amidst a generally positive trend.