Why is Ajax Engineering falling/rising?

As of 17-Oct, Ajax Engineering Ltd is experiencing a decline in its stock price, currently at 619.70, which reflects a decrease of 8.55 or 1.36%. The stock has underperformed its sector today by 0.86%, and it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 3.03%, and over the past month, it has fallen by 6.32%. Although there has been a significant increase in investor participation, with delivery volume rising by 520.29% against the 5-day average, the overall performance remains negative, and no positive or negative dashboard data is available to provide further insights into the stock's recent movement.
In the broader market context, Ajax Engineering's short-term performance has been notably weaker compared to the benchmark, the Sensex, which has gained 1.76% over the past week and 1.52% over the past month. This stark contrast indicates that while the market is generally moving upward, Ajax Engineering is struggling to keep pace, contributing to its declining stock price. The liquidity of the stock appears adequate for trading, but the overall negative returns and underperformance relative to the benchmark suggest a challenging environment for Ajax Engineering at this time.