Why is Rex Pipes&Cables falling/rising?

As of 08-Sep, Rex Pipes & Cables Industries Ltd is experiencing a price increase, with the current price at Rs. 165.00, reflecting a rise of Rs. 4.95 or 3.09%. The stock has recently reached a new 52-week and all-time high today. It has outperformed its sector by 2.9% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, as the delivery volume has fallen by 88.37% compared to the 5-day average, indicating a potential concern regarding sustained interest in the stock. The stock has shown impressive returns over various periods, including a year-to-date increase of 125.41% and a one-year return of 100.73%, significantly outperforming the Sensex, which has seen a decline of 0.32% over the same period.
In the broader market context, Rex Pipes & Cables' short-term return of 2.80% over the past week is substantially higher than the Sensex's return of 0.60%, showcasing strong relative performance. The stock's remarkable year-to-date performance further emphasizes its resilience and attractiveness compared to the benchmark. Despite the recent drop in delivery volume, which may suggest some caution among investors, the overall upward trend in price and performance metrics indicates a positive sentiment surrounding the stock.