Why is Ajax Engineering falling/rising?

As of 08-Aug, Ajax Engineering Ltd's stock price is currently at Rs 684.80, reflecting an increase of 6.35 points or 0.94%. The stock has shown strong performance recently, outperforming its sector by 2.33% today and has been on a consecutive gain streak for the last four days, accumulating a total return of 7.5% during this period. Additionally, 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 284.17% compared to the 5-day average, suggesting heightened interest and confidence in the stock.
In the broader market context, Ajax Engineering's 1-week return of +2.59% stands in stark contrast to the Sensex, which has declined by 0.92% during the same period. This indicates that Ajax Engineering is performing well relative to the overall market. Over the past month, while the stock has remained relatively flat with a return of +0.04%, the Sensex has experienced a more significant decline of 4.60%. This divergence highlights Ajax Engineering's resilience and attractiveness to investors amid a challenging market environment.