Why is Rex Pipes&Cables falling/rising?

As of 08-Jul, Rex Pipes & Cables Industries Ltd is experiencing a price increase, with the current price at Rs. 118.30, reflecting a rise of Rs. 2.3 or 1.98%. The stock has recently hit a new 52-week and all-time high of Rs. 136.65, indicating strong performance. Additionally, 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. The stock has shown impressive year-to-date growth of 61.61% and a one-year return of 53.64%, although it has seen a slight decline of 2.03% over the past week. There is no information available regarding positive or negative factors that could influence the stock's recent movement.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a marginal decline of 0.08% over the past week, Rex Pipes & Cables has outperformed, indicating a stronger relative performance. While the stock has faced a slight downturn in the short term, its significant gains over the year and the rising investor participation, evidenced by a 37.93% increase in delivery volume, suggest a positive sentiment among investors. Overall, the stock's upward movement appears to be supported by solid performance metrics and favorable trading conditions.