Why is Ajax Engineering falling/rising?

As of 28-Aug, Ajax Engineering Ltd's stock price is currently at Rs 684.60, reflecting a decline of Rs 8.1 or 1.17%. The stock has been experiencing a downward trend, having lost 1.5% over the last two days. It reached an intraday low of Rs 678.2, which represents a decrease of 2.09%. Despite this decline, the stock has shown a positive return of 3.29% over the past month, outperforming the Sensex, which fell by 1.00% during the same period. Additionally, the stock's delivery volume has significantly increased, rising by 593.32% against the 5-day average, indicating a growing investor interest. However, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, Ajax Engineering's short-term performance has been relatively better than the benchmark Sensex, which has declined by 2.34% over the past week. This suggests that while the stock is currently facing a decline, it has managed to outperform the broader market in the recent past. The stock's moving averages indicate that it is performing better than the longer-term averages, which could suggest potential for recovery. However, the consecutive falls and the current price movement indicate that investor sentiment may still be cautious.