Why is Le Merite Export falling/rising?

As of 29-Sep, Le Merite Exports Ltd is experiencing a price increase, currently at 430.85, reflecting a rise of 13.25 or 3.17%. The stock has recently hit a new 52-week and all-time high of Rs. 433.5. It has outperformed its sector by 3.54% today and is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 261.99% against the 5-day average. The positive dashboard data is not available, but the overall indicators suggest strong momentum in the stock's performance.
In the broader market context, Le Merite Exports Ltd has shown impressive returns compared to the Sensex. Over the past week, the stock has gained 8.94%, while the Sensex has declined by 2.25%. In the last month, the stock has increased by 18.48%, significantly outperforming the Sensex's modest gain of 0.85%. Year-to-date, the stock has surged by 56.05%, compared to the Sensex's 4.19% increase, and over the past year, it has risen by 134.09% while the Sensex has fallen by 5.90%. This strong performance relative to the benchmark highlights the stock's resilience and attractiveness to investors amidst broader market challenges.