Why is Ajax Engineering falling/rising?

As of 26-Aug, Ajax Engineering Ltd is experiencing a decline in its stock price, currently at Rs 692.70, which reflects a decrease of Rs 2.3 or 0.33%. Despite this drop, the stock has outperformed its sector by 1.59% today. The stock touched an intraday low of Rs 679.2, indicating a decline of 2.27%. Over the past week, Ajax Engineering has shown a positive return of 0.45%, and over the past month, it has increased by 2.85%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend despite the current decline. There is a notable increase in investor participation, with delivery volume rising by 727.42% against the 5-day average, indicating heightened interest in the stock.
In the broader market context, the Sensex has fallen by 1.05% over the past week and 0.83% over the past month, which contrasts with Ajax Engineering's positive returns during the same periods. This suggests that while the stock is facing a slight decline today, it has been relatively resilient compared to the overall market performance. The engineering sector, specifically industrial equipment, has also seen a decline of 2.16%, which may be influencing Ajax Engineering's price movement. Overall, while the stock is currently down, its recent performance and increased investor activity indicate a potential for recovery in the near future.