Why is Ajax Engineering falling/rising?

As of 19-Aug, Ajax Engineering Ltd's stock price is currently at Rs 689.60, reflecting a decrease of Rs 10.4 or 1.49%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.54% during this period. Today's performance shows that the stock has underperformed its sector by 3.54%. In terms of returns, over the past week, the stock has decreased by 3.48%, while it has seen a slight decline of 1.49% over the past month. Notably, the stock is trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages, but lower than its 5-day moving average. There is a significant increase in investor participation, with delivery volume rising by 239.18% compared to the 5-day average, indicating heightened trading activity, although no specific positive or negative factors were provided.
Broader market context shows that the Sensex has gained 1.76% over the past week, contrasting with Ajax Engineering's decline. This indicates that while the broader market is experiencing upward momentum, Ajax Engineering is lagging behind. Additionally, the engineering sector, specifically industrial equipment, has seen a gain of 2.08%, further highlighting the stock's underperformance relative to both its sector and the overall market. The liquidity of the stock remains adequate for trading, but the recent price movements suggest a lack of positive sentiment driving the stock higher in the current market environment.