Why is Haryana Leather falling/rising?

As of 15-Sep, Haryana Leather Chemicals Ltd is currently priced at 82.50, reflecting an increase of 0.5, or 0.61%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 6.45% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to its historical price levels. However, there has been a notable decline in investor participation, with delivery volume dropping by 49.51% against the 5-day average, which may suggest a decrease in buying interest. The stock's performance over the past week shows a significant increase of 10.00%, and over the past month, it has risen by 33.67%, contrasting with a year-to-date decline of 4.11%. In the broader market context, Haryana Leather's recent short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.24% over the past week and 1.47% over the past month. This strong relative performance indicates that the stock is gaining traction among investors despite its year-to-date decline. The overall market sentiment appears to be favorable for Haryana Leather, as evidenced by its substantial gains over the last three years and five years, outperforming the benchmark considerably during these periods. However, the falling investor participation could pose a risk to sustaining this upward momentum in the near future.