Why is Rex Pipes&Cables falling/rising?

As of 10-Sep, Rex Pipes & Cables Industries Ltd is currently priced at 165.00, with no change in price (0.00%). The stock has shown a strong performance over the past week, rising by 3.12%, and has significantly outperformed the benchmark Sensex, which increased by only 1.04%. Over the past month, the stock has surged by 21.32%, compared to the Sensex's 2.50% rise. Year-to-date, Rex Pipes & Cables has an impressive return of 125.41%, while the Sensex has only gained 5.62%. However, today's trading activity indicates a decline in investor participation, with delivery volume dropping by 88.37% against the 5-day average, despite the stock trading above all its moving averages.
In the broader market context, Rex Pipes & Cables' recent performance highlights its strong upward trajectory compared to the Sensex, particularly in the short term. The stock's ability to maintain a higher trading price relative to its moving averages suggests a positive trend, although the significant drop in delivery volume may raise concerns about future momentum. Overall, while the stock has been performing well against the benchmark, the falling investor participation could indicate potential volatility ahead, warranting close monitoring of market sentiment.