Why is Ajax Engineering falling/rising?

As of 12-Sep, Ajax Engineering Ltd is experiencing a decline in its stock price, currently at Rs 653.50, which reflects a decrease of Rs 22.5 or 3.33%. The stock has underperformed its sector by 4.24% today and has been on a consecutive downward trend for the last two days, with a total drop of 4.31% during this period. Additionally, the stock touched an intraday low of Rs 649.3, indicating significant selling pressure. Over the past week, the stock has decreased by 3.66%, and over the past month, it has fallen by 9.05%, contrasting sharply with the Sensex, which has gained 1.48% and 2.08% respectively during those periods. The stock's moving averages indicate that it is currently higher than the 200-day moving average but lower than the 5-day, 20-day, 50-day, and 100-day moving averages, suggesting a bearish short-term trend. Notably, there has been a significant increase in investor participation, with delivery volume rising by 1156.36% against the 5-day average, which may indicate a potential interest in the stock despite its current decline.
Broader Market Context: The broader market, as represented by the Sensex, has shown positive returns, contrasting with Ajax Engineering's negative performance. While the Sensex has gained 1.48% over the past week and 2.08% over the past month, Ajax Engineering's stock has declined significantly during the same periods. This divergence highlights the stock's underperformance relative to the benchmark, suggesting that market sentiment may be favoring other sectors or companies over Ajax Engineering at this time.