Why is Le Merite Export falling/rising?

As of 09-Sep, Le Merite Exports Ltd is currently priced at 363.60, with no change in price, reflecting a 0.00% movement. The stock is trading close to its 52-week high, just 3.14% away from Rs 375. It is performing well against its moving averages, trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day averages. However, there has been a notable decline in investor participation, with delivery volume falling by 59.56% compared to the 5-day average. Over the past year, the stock has shown impressive returns of 73.18%, significantly outperforming the Sensex, which has seen a decline of 0.27%.
In the broader market context, the stock's short-term return over the past week is +0.93%, which is lower than the Sensex's return of +1.18%. Despite this, Le Merite Exports has demonstrated strong performance over longer periods, with a year-to-date return of 31.69% compared to the Sensex's 5.18% and an extraordinary three-year return of 422.41% against the benchmark's 39.45%. This indicates that while the stock is currently flat, it has been on a strong upward trajectory overall, although the recent drop in delivery volume may suggest a temporary slowdown in investor interest.