Why is Le Merite Export falling/rising?

As of 27-Jun, Le Merite Exports Ltd's stock price is currently at 299.75, reflecting an increase of 11.0, or 3.81%. The stock has shown a significant rise today, outperforming its sector by 3.08%. Notably, the delivery volume on June 26 has surged by 479.71% compared to the 5-day average, indicating rising investor participation. While the stock is above its 200-day moving average, it remains below the 5-day, 20-day, 50-day, and 100-day moving averages. Over the past year, the stock has appreciated by 116.97%, significantly outpacing the Sensex's 6.63% increase, and it has also shown a year-to-date return of 8.57%, slightly ahead of the Sensex's 8.43%. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, the stock's short-term performance over the past week has been negative, with a decline of 0.63%, while the Sensex has gained 2.09%. This indicates that, despite today's positive movement, the stock has struggled in the short term relative to the benchmark. However, the strong year-on-year performance and the significant increase in trading volume suggest that investor sentiment may be shifting positively, contributing to the current rise in price.