Why is Rex Pipes&Cables falling/rising?

As of 19-Sep, Rex Pipes & Cables Industries Ltd is experiencing a price increase, with the current price at 160.00, reflecting a change of 3.0 or 1.91% upward. The stock has shown a mixed performance in recent periods, with a 1-week decline of 2.91% while gaining 5.96% over the past month. Year-to-date, the stock has significantly outperformed the benchmark with a remarkable 118.58% increase compared to the Sensex's 7.11%. However, there has been a notable decline in investor participation, as evidenced by a 37.5% drop in delivery volume against the 5-day average, which may indicate some caution among investors despite the stock's positive price movement today.
Broader Market Context: In the short term, Rex Pipes & Cables has underperformed the Sensex over the past week, while it has outperformed the benchmark over the month and year-to-date. The stock's performance today has also outpaced its sector by 1.53%, suggesting some positive sentiment despite the recent drop in delivery volume. The liquidity of the stock remains adequate for trading, which may support its price stability. Overall, while the stock is currently rising, the falling investor participation could pose a risk to its momentum if it continues.