Why is Le Merite Export falling/rising?

As of 11-Sep, Le Merite Exports Ltd is experiencing a slight decline in its stock price, currently at Rs 362.60, which reflects a decrease of 0.4 or 0.11%. The stock has underperformed its sector today by 0.6%, and there has been a notable drop in investor participation, with delivery volume falling by 48.28% compared to the 5-day average. Despite this, the stock has shown strong performance over the past month, with a return of 11.74%, and an impressive year-to-date increase of 31.33%. The stock is currently 3.42% away from its 52-week high of Rs 375 and is trading above its longer-term moving averages, indicating a generally positive trend over time.
In the broader market context, the Sensex has risen by 1.10% over the past week, contrasting with Le Merite's slight decline of 0.15% during the same period. While the stock has outperformed the benchmark significantly over the past year and three years, the recent short-term underperformance may be attributed to the drop in trading volume and investor interest. Overall, while the stock has shown strong long-term growth, the current price movement reflects a temporary setback in the face of broader market gains.