Why is Le Merite Export falling/rising?

As of 15-Sep, Le Merite Exports Ltd is experiencing a decline in its stock price, currently at Rs 368.50, which reflects a decrease of Rs 7.1 or 1.89%. Despite this drop, the stock has shown strong performance over the past week, with a return of 1.35%, and a substantial increase of 13.52% over the past month. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. The recent rise in investor participation, with a delivery volume increase of 254.17% compared to the 5-day average, suggests heightened interest in the stock. However, it has underperformed its sector by 2.19% today, which may contribute to the current price decline.
In the broader market context, Le Merite Exports has outperformed the Sensex over various time frames, including a year-to-date return of 33.47% compared to the Sensex's 6.02%. This strong performance over the longer term, including a remarkable 354.38% increase over the past three years, contrasts with the current short-term decline. The stock's proximity to its 52-week high, being only 2.52% away, indicates that it has been trading at relatively high levels, which may lead to profit-taking among investors. Overall, while the stock has shown impressive long-term growth, the recent underperformance against its sector and the slight price drop today may be influencing its current movement.