Why is Rex Pipes&Cables falling/rising?

As of 23-Oct, Rex Pipes & Cables Industries Ltd is experiencing a price increase, currently at Rs 168.00, reflecting a rise of Rs 5.0 or 3.07%. The stock has shown strong performance, with a 1-week return of +9.80% and a year-to-date return of +129.51%, significantly outperforming the Sensex, which has only increased by 1.20% and 9.50% respectively over the same periods. Additionally, the stock is trading above all its moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 44.44% against the 5-day average, which could be a concern for future momentum.
In the broader market context, Rex Pipes & Cables has outperformed the Sensex in the short term, suggesting strong investor interest relative to the overall market. While the stock is close to its 52-week high, being only 1.79% away, the decrease in delivery volume may indicate a potential slowdown in buying interest. Despite this, the stock's liquidity remains adequate for trading, as it constitutes 2% of the 5-day average traded value. Overall, the combination of strong returns and positive price movement, tempered by declining investor participation, paints a complex picture of the stock's current standing.