Why is Le Merite Export falling/rising?

As of 17-Sep, Le Merite Exports Ltd is experiencing a slight decline in its stock price, currently at Rs 367.15, reflecting a decrease of 0.85 or 0.23%. Despite this minor drop, the stock has shown strong performance over the past month with a return of 13.11%, significantly outperforming the Sensex, which has only gained 2.84% in the same period. 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. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 100.91% against the 5-day average, suggesting heightened interest in the stock. However, it is underperforming its sector by 1.24% today, which may contribute to the current price movement.
In the broader market context, while Le Merite Exports has shown impressive year-to-date growth of 32.98% compared to the Sensex's 7.13%, its recent performance today indicates a divergence from this trend. The stock's performance over the past week, which is up 1.14%, is lower than the Sensex's gain of 1.43%, suggesting that while the stock has been strong overall, it is currently facing some headwinds relative to the market. The stock is also close to its 52-week high, just 2.9% away, which may create a psychological barrier for further upward movement in the short term.