Why is Rex Pipes&Cables falling/rising?

As of 04-Sep, Rex Pipes & Cables Industries Ltd is experiencing a slight increase in its stock price, currently at 160.05, with a change of 0.05 (0.03%) upward. The stock has shown strong performance over various periods, with a 1-week return of +2.83%, a 1-month return of +17.68%, and a year-to-date return of +118.65%. Additionally, it is trading above all its moving averages, indicating a positive trend. The stock is also close to its 52-week high, being only 0.28% away from the peak of Rs 160.5. Furthermore, there has been a rise in investor participation, with delivery volume increasing by 4.65% compared to the 5-day average, suggesting growing interest among investors.
In the broader market context, Rex Pipes & Cables has significantly outperformed the benchmark Sensex, which has only returned +0.95% over the past week and +4.61% year-to-date. This stark contrast highlights the stock's strong momentum relative to the market. However, it is noted that the stock underperformed its sector by -0.9% today, which could indicate some short-term volatility. Overall, the combination of strong historical performance, rising investor interest, and favorable trading conditions contributes to the stock's upward movement, despite minor fluctuations in sector performance.