Why is Rex Pipes&Cables falling/rising?

As of 03-Sep, Rex Pipes & Cables Industries Ltd is experiencing a slight decline in its stock price, currently at Rs 160.00, which reflects a decrease of 0.5 or 0.31%. The stock is trading close to its 52-week high, just 0.31% away from Rs 160.5, and it is performing well above its moving averages across various time frames, indicating a strong upward trend in the longer term. Notably, the stock has shown impressive returns over the past year, with a 92.77% increase, and a remarkable year-to-date return of 118.58%. However, there has been a significant drop in investor participation, with delivery volume falling by 65.12% against the 5-day average, which may contribute to the current price decline.
In the broader market context, Rex Pipes & Cables has outperformed the Sensex significantly over various periods, including a 7.74% increase over the past week compared to a negligible 0.01% rise in the benchmark index. This strong performance suggests that the stock is gaining traction relative to the market. Despite the recent price drop, the overall trend remains positive, supported by substantial long-term gains. However, the decline in investor participation could be a concern, as it may indicate reduced confidence or interest in the stock, potentially impacting future price movements.