Why is Rex Pipes&Cables falling/rising?

As of 26-Jun, Rex Pipes & Cables Industries Ltd is currently priced at 128.25, reflecting a decrease of 2.6, or 1.99%. Despite this decline, the stock recently hit a new 52-week and all-time high of Rs. 136.65 earlier today. The stock has shown strong performance over the past month, with a return of 30.87%, and an impressive year-to-date increase of 75.20%. Additionally, it has outperformed its sector by 5.97% today and is trading above all its moving averages, indicating a generally positive trend. However, the stock has experienced a short-term decline of 5.87% over the past week, which may be contributing to the current price drop.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 3.05% over the past week, Rex Pipes & Cables' recent performance has lagged behind. The stock's strong long-term returns, including an 86.00% increase over the past year and a staggering 197.22% over the past three years, suggest a robust underlying business. However, the recent short-term decline may reflect market corrections or profit-taking by investors after a significant rally. The rising investor participation, indicated by a 37.93% increase in delivery volume, suggests that there is still considerable interest in the stock, which could support its price in the longer term despite the current dip.