Why is Ajax Engineering falling/rising?

As of 29-Aug, Ajax Engineering Ltd's stock price is rising, currently at 719.05, which reflects an increase of 34.45 or 5.03%. The stock has shown a positive trend today, outperforming its sector by 5.06% and reversing a two-day decline. It reached an intraday high of Rs 727.95, marking a 6.33% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The delivery volume on 28 August surged by 600.23% compared to the 5-day average, suggesting rising investor participation. Unfortunately, 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 performance over the past week shows a gain of 5.45%, while the benchmark Sensex has declined by 1.84%. Over the past month, the stock has increased by 6.84%, contrasting with a 1.88% drop in the Sensex. This significant outperformance indicates that Ajax Engineering is gaining traction in a challenging market environment, highlighting its resilience and appeal to investors despite broader market trends.