Why is Lehar Footwears falling/rising?

As of 12-Nov, Lehar Footwears Ltd is experiencing a decline in its stock price, currently at Rs 242.80, which reflects a decrease of Rs 32.35 or 11.76%. The stock has underperformed its sector by 10.07% today and has been on a downward trend for the last two days, accumulating a total loss of 13.1%. It reached an intraday low of Rs 222, indicating significant volatility with an intraday fluctuation of 11.38%. Additionally, the stock's delivery volume has decreased by 54.89% compared to the five-day average, suggesting a drop in investor participation. Over the past month, the stock has shown a slight decline of 0.41%, while year-to-date it has decreased by 2.88%, contrasting with a 3.32% increase over the past year.
In the broader market context, the Sensex has outperformed Lehar Footwears Ltd, with a return of 1.21% over the past week compared to the stock's gain of only 1.10%. The benchmark has also shown stronger performance over the past month and year-to-date, with returns of 2.38% and 8.10%, respectively. This underperformance relative to the market may contribute to the negative sentiment surrounding the stock, leading to its recent price decline. The overall liquidity of the stock remains adequate for trading, but the falling investor participation could signal a lack of confidence among traders, further exacerbating the downward price movement.