Why is Ajax Engineering falling/rising?

As of 25-Jul, Ajax Engineering Ltd's stock price is currently at Rs 673.50, reflecting a decrease of Rs 13.65, or 1.99%. The stock has been experiencing a consecutive decline over the last two days, with a total drop of 2.51% during this period. It touched an intraday low of Rs 670.75, indicating a challenging trading environment. Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, it remains lower than the 5-day moving average. The stock's performance over the past week shows a decline of 3.79%, while it has gained 6.10% over the past month, contrasting with the Sensex's decline of 0.36% in the same week and 1.56% over the month. There is a notable increase in investor participation, with delivery volume rising by 751.55% compared to the 5-day average, suggesting heightened interest despite the recent price drop.
In the broader market context, the engineering sector, specifically industrial equipment, has seen a decline of 2.21%, which may be influencing Ajax Engineering's stock performance. The stock's recent short-term return of -3.79% over the past week is significantly worse than the benchmark Sensex's slight decline of 0.36%, indicating that the stock is underperforming relative to the market. The year-to-date performance of the Sensex shows a gain of 4.25%, while Ajax's longer-term performance data is not available. Overall, the combination of sector-wide declines and the stock's recent negative momentum contributes to its current downward price movement.