Why is Rex Pipes&Cables falling/rising?

As of 11-Sep, Rex Pipes & Cables Industries Ltd is currently priced at 165.00, showing no change (0.00%). The stock has recently hit a new 52-week and all-time high of Rs.165. It has demonstrated strong performance over various periods, with a year-to-date increase of 125.41% and a one-month increase of 21.32%. However, there is a notable decline in investor participation, as the delivery volume has fallen by 88.37% compared to the 5-day average, which may indicate a decrease in buying interest. The stock is trading above its moving averages across multiple time frames, suggesting a positive trend, but the lack of available positive or negative dashboard data limits a comprehensive analysis of the factors influencing its recent movement.
In the broader market context, Rex Pipes & Cables has outperformed the Sensex significantly, with a one-week return of 3.09% compared to the benchmark's 1.10%. This trend continues over longer periods, with the stock's three-year return of 306.91% far exceeding the Sensex's 40.22%. Despite the stock's strong performance relative to the market, the sharp decline in delivery volume could signal potential caution among investors, which may affect future price movements. Overall, while the stock has reached new highs and shows robust returns, the decrease in investor participation could pose challenges moving forward.