Why is Ajcon Global falling/rising?

As of 27-October, Ajcon Global Services Ltd is experiencing a decline in its stock price, currently at 8.11, which represents a decrease of 0.41 or 4.81%. The stock has underperformed its sector by 5.09% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 6.13% during this period. Additionally, Ajcon Global is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 4.70%, and over the past month, it has fallen by 18.08%, contrasting sharply with the Sensex, which has gained 0.49% and 5.41% respectively. The stock has shown strong performance over the longer term, with a year-to-date increase of 14.89% and a one-year increase of 74.60%, but the recent short-term performance suggests a significant downturn.
In the broader market context, while Ajcon Global has struggled in the short term, the Sensex has maintained a positive trajectory, which highlights the stock's underperformance relative to the market. The rising investor participation, with a notable increase in delivery volume, suggests that there may be interest in the stock despite its recent declines. However, without specific positive or negative factors available, it is challenging to pinpoint the exact reasons behind the stock's current movement. The liquidity of the stock remains adequate for trading, but the overall negative sentiment reflected in its recent performance indicates a need for further analysis to understand the underlying causes of the decline.