Why is Ajax Engineering falling/rising?

As of 24-Sep, Ajax Engineering Ltd's stock price is currently at 650.00, reflecting a decline of 7.15 points or 1.09%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 3.69% during this period. Additionally, Ajax Engineering is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 604.72% compared to the 5-day average, suggesting some level of interest in the stock despite its recent price drop. There is no information available regarding positive or negative factors that could further explain the stock's movement.
In the broader market context, Ajax Engineering's performance over the past week shows a decline of 1.74%, which is worse than the benchmark Sensex's decline of 1.18%. Over the past month, the stock has decreased by 4.68%, contrasting with the Sensex's modest gain of 0.50%. This underperformance relative to the benchmark may contribute to the negative sentiment surrounding the stock. Overall, the combination of consecutive price declines, trading below key moving averages, and underperformance compared to the benchmark suggests a challenging environment for Ajax Engineering Ltd's stock at this time.