Why is Rex Pipes&Cables falling/rising?

As of 30-Jun, Rex Pipes & Cables Industries Ltd is currently priced at 123.20, reflecting a decrease of 2.5, or 1.99%. Despite this decline, the stock has shown strong performance over the past month, with a return of 16.50%, and impressive year-to-date growth of 68.31%. Today, the stock hit a new 52-week high of Rs.136.65, indicating strong upward momentum prior to the current price drop. Additionally, it has outperformed its sector by 5.97% and is trading above all key moving averages, suggesting a generally positive trend. The rising investor participation, evidenced by a 37.93% increase in delivery volume, further supports the stock's recent performance, although specific positive or negative factors are not available for analysis.
Broader Market Context: In the short term, Rex Pipes & Cables has underperformed the benchmark Sensex, which has gained 2.18% over the past week while the stock has dropped 11.34%. This contrast highlights a significant divergence in performance, with the stock experiencing volatility despite its strong longer-term returns. Over the past year, the stock has outperformed the Sensex, which gained only 6.27%, indicating that while the stock may be facing short-term challenges, its overall trajectory remains positive compared to the broader market.