Why is Lehar Footwears falling/rising?

As of 10-Nov, Lehar Footwears Ltd is experiencing a significant rise in its stock price, currently at 279.40, which reflects an increase of 33.6 or 13.67%. The stock has shown strong performance today, outperforming its sector by 12.4% and has gained consecutively over the last two days, yielding a total return of 18.69% in that period. It opened with a gain of 3.07% and reached an intraday high of Rs 285, indicating robust investor interest. Additionally, the stock has been trading above its moving averages across multiple time frames, and there has been a notable increase in delivery volume, suggesting rising investor participation. The absence of any negative factors reported further supports the positive momentum in the stock's recent movement.
In the broader market context, Lehar Footwears has outperformed the benchmark Sensex over various time frames, including a 1-week return of +16.27% compared to the Sensex's -0.53%. This trend continues with a 1-month return of +14.60% against the Sensex's +1.25%, and a year-to-date return of +11.76% versus the Sensex's +6.91%. Such strong relative performance indicates that investor sentiment towards Lehar Footwears is notably positive, especially in contrast to the broader market trends.