Why is Le Merite Export falling/rising?

As of 22-Sep, Le Merite Exports Ltd is experiencing a price increase, currently at Rs. 395.50, reflecting a change of 0.7 or 0.18% upward. The stock has recently hit a new 52-week and all-time high of Rs. 409, indicating strong performance. It has outperformed its sector by 0.89% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant rise in investor participation, with a delivery volume increase of 85.94% compared to the 5-day average. The stock has shown impressive returns, with a 1-week increase of 7.33% and a year-to-date rise of 43.25%, while the 1-year return stands at 90.46%. There is no information available regarding any negative factors impacting the stock.
Broader market context indicates that while Le Merite Exports has significantly outperformed the Sensex, which has only increased by 0.53% over the past week, the stock's strong performance is further highlighted by its year-to-date return of 43.25% compared to the Sensex's 6.59%. This suggests that the stock is not only thriving on its own merits but also gaining traction in a market that is relatively stable. The substantial difference in returns indicates a robust investor confidence in Le Merite Exports, contributing to its rising stock price amidst a broader market that is not experiencing similar growth.