Why is Le Merite Export falling/rising?

As of 10-Sep, Le Merite Exports Ltd is currently priced at Rs 363.00, reflecting a decrease of Rs 0.6 or 0.17%. The stock has shown strong performance over the past month, with a return of 12.65%, and a significant year-to-date increase of 31.47%. However, today's performance indicates it has underperformed its sector by 2.75%. Additionally, the stock is trading above its moving averages across various time frames, suggesting a generally positive trend. Despite this, there has been a notable decline in investor participation, with delivery volume dropping by 62.96% compared to the 5-day average, which may be contributing to the current price decline.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.04% over the past week, Le Merite Exports' 0.86% gain indicates it has slightly lagged behind in the short term. The stock's strong long-term performance, including a remarkable 421.55% increase over the past three years, contrasts with the Sensex's 40.04% rise during the same period. This suggests that while the stock has performed exceptionally well over the long term, recent short-term dynamics, including decreased trading volume and sector underperformance, may be influencing its current price movement.