Why is Ajax Engineering falling/rising?

Jul 24 2025 11:29 PM IST
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As of 24-Jul, Ajax Engineering Ltd's stock price is at 687.15, down 0.54%. While it has outperformed the Sensex over the past month, it is currently underperforming in the short term with a 3.01% decline over the past week.
As of 24-Jul, Ajax Engineering Ltd's stock price is currently at 687.15, reflecting a decrease of 3.7 points, or 0.54%. The stock's performance today is in line with its sector, and it is trading higher than the 20-day, 50-day, 100-day, and 200-day moving averages, although it is lower than the 5-day moving average. Notably, there has been a significant increase in investor participation, with delivery volume rising by 562.77% against the 5-day average, indicating heightened interest. However, there are no available positive or negative factors that could further clarify the reasons behind the stock's recent movement.

In the broader market context, Ajax Engineering's short-term return over the past week shows a decline of 3.01%, while the benchmark Sensex has only decreased by 0.09%. This suggests that the stock is underperforming relative to the market in the short term. Over the past month, however, Ajax Engineering has outperformed the Sensex with an increase of 8.63% compared to the benchmark's 0.16%, indicating a potential recovery trend in the longer term despite the recent decline.
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