Why is Le Merite Export falling/rising?

As of 12-Sep, Le Merite Exports Ltd is experiencing a price increase, currently at 375.60, reflecting a rise of 13.0 or 3.59%. The stock has recently hit a new 52-week and all-time high of Rs.377.8. It is performing well above its sector, with a performance today that outperformed the sector by 4.17%. Additionally, the stock is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The rising investor participation is evident with a delivery volume of 14,000 on 11 September, which has increased by 10.76% compared to the 5-day average. The stock's strong performance is further highlighted by its impressive returns, showing a 36.04% increase year-to-date and an 81.71% increase over the past year.
In the broader market context, Le Merite Exports Ltd has outperformed the Sensex, which has only increased by 6.21% year-to-date, while the stock has surged by 36.04%. Over the past week, the stock has also shown a return of 2.34%, compared to the Sensex's 1.51%. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the broader market. The liquidity of the stock, being sufficient for trades of Rs 0.01 crore, further supports its positive movement, although there is no specific information available regarding positive or negative factors that may influence its recent performance.