Why is Le Merite Export falling/rising?

As of 04-Nov, Le Merite Exports Ltd is experiencing a decline in its stock price, currently at 466.80, which reflects a decrease of 13.75 or 2.86%. The stock has underperformed its sector by 1.78% today, and there has been a notable drop in investor participation, with delivery volume falling by 40.24% compared to the 5-day average. Although the stock has shown strong performance over longer periods, with a year-to-date increase of 69.07% and a one-year increase of 111.46%, the recent short-term performance has been negative, with a 1-week decline of 2.66%.
In the broader market context, the Sensex has also seen a decline of 1.31% over the past week, indicating that the market is facing some headwinds. However, Le Merite Exports' recent performance is worse than the benchmark, suggesting specific challenges for the company. The stock remains above its longer-term moving averages, which indicates some underlying strength, but the current liquidity situation, being liquid enough for trades of Rs 0.04 crore, may not be sufficient to counteract the recent negative sentiment reflected in the price movement.