Why is Rex Pipes&Cables falling/rising?

As of 09-Sep, Rex Pipes & Cables Industries Ltd is currently priced at 165.00, showing no change (0.00%). The stock has demonstrated strong performance over various periods, with a 1-week return of +2.80%, a 1-month return of +21.32%, and a year-to-date return of +125.41%. However, despite these positive trends, there has been a significant decline in investor participation, with delivery volume dropping by 88.37% compared to the 5-day average. The stock is trading above its moving averages across multiple time frames, indicating a generally bullish trend, but the falling delivery volume may suggest a lack of sustained buying interest.
In the broader market context, Rex Pipes & Cables has outperformed the Sensex significantly over the same periods, particularly with a 1-year return of +98.80% compared to the Sensex's -0.27%. This indicates that while the stock is performing well relative to the market, the recent decline in investor participation could be a concern for future price movements. The liquidity of the stock remains adequate for trading, but the sharp drop in delivery volume may signal caution among investors, potentially impacting the stock's ability to maintain its upward trajectory.