Why is Rex Pipes&Cables falling/rising?

As of 03-Jul, Rex Pipes & Cables Industries Ltd is currently priced at 120.75, showing no change (0.00%). The stock has recently hit a new 52-week and all-time high of Rs.136.65, indicating strong upward momentum. It has outperformed its sector by 5.97% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 37.93% against the 5-day average. The stock has demonstrated impressive returns over various periods, including a year-to-date increase of 64.96% and a 3-year increase of 178.55%. There are no positive or negative factors explicitly mentioned that could impact the stock's recent movement.
Broader Market Context: In the short term, Rex Pipes & Cables has experienced a decline of 5.85% over the past week, while the benchmark Sensex has only decreased by 0.56%. However, over the past month, the stock has outperformed the Sensex, gaining 8.78% compared to the benchmark's 3.52%. This indicates that despite recent short-term fluctuations, the stock has shown resilience and strong performance relative to the broader market over longer periods.