Why is Rex Pipes&Cables falling/rising?

As of 15-Sep, Rex Pipes & Cables Industries Ltd is experiencing a slight increase in its stock price, currently at 165.00, with a change of 0.2, representing a 0.12% rise. The stock has shown strong performance over the past month with a return of 14.38%, significantly outperforming the Sensex, which has increased by 1.78%. Additionally, the stock has been trading above its moving averages across various time frames, indicating a positive trend. There has also been a notable increase in investor participation, with delivery volume rising by 33.33% compared to the 5-day average, suggesting growing interest in the stock. However, it is important to note that the stock underperformed its sector today by 0.93%, which may indicate some short-term challenges.
In the broader market context, while Rex Pipes & Cables has shown impressive year-to-date returns of 125.41%, the Sensex has only increased by 6.02% in the same period. This substantial outperformance highlights the stock's strength relative to the overall market. Despite the recent underperformance against its sector, the long-term returns over 1 year and 3 years, at 88.57% and 319.31% respectively, further emphasize the stock's robust growth trajectory compared to the benchmark. Overall, while there are some short-term fluctuations, the stock's long-term performance remains strong, supported by rising investor interest and favorable trading conditions.