Why is Ajax Engineering falling/rising?

As of 17-Sep, Ajax Engineering Ltd's stock price is currently at Rs 661.50, reflecting an increase of Rs 10.3, or 1.58%. The stock has been gaining for the last two days, with a total return of 1.61% during this period. Today's performance indicates that it has outperformed its sector by 1.08%. The stock reached an intraday high of Rs 668.25, which is a 2.62% increase. Despite this positive movement, the stock has seen a decline of 3.13% over the past week and 6.51% over the past month, indicating some volatility. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 391.34% compared to the 5-day average, suggesting growing interest among investors.
In the broader market context, the Sensex has increased by 1.56% over the past week and 2.60% over the past month, indicating that while Ajax Engineering's stock is experiencing a short-term rise, it is still underperforming compared to the benchmark indices in the longer term. The stock's performance is currently higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages, which may indicate mixed sentiment among investors. Overall, while there are positive signs in terms of recent gains and increased trading volume, the stock's recent history of declines relative to the benchmark suggests that it is navigating a challenging market environment.