Why is Rex Pipes&Cables falling/rising?

As of 28-Aug, Rex Pipes & Cables Industries Ltd is experiencing a price increase, with its current price at Rs 155.65, reflecting a rise of Rs 7.15 or 4.81%. The stock is currently trading close to its 52-week high, just 1.54% away from Rs 158. It has outperformed its sector by 5.24% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume falling by 37.5% against the 5-day average. The positive performance is further highlighted by the stock's impressive returns over various periods, including a year-to-date increase of 112.64% compared to a modest 3.62% gain in the Sensex.
In the broader market context, Rex Pipes & Cables has shown resilience, with a 1-week return of 3.08% while the Sensex has declined by 2.32%. Over the past month, the stock has also outperformed the benchmark, gaining 3.63% compared to the Sensex's loss of 0.73%. This strong performance over both short and long-term periods indicates that the stock is gaining traction despite the overall market conditions. The liquidity of the stock remains adequate for trading, which may contribute to its upward price movement.