Why is Mayur Leather falling/rising?

As of 07-Jul, Mayur Leather Products Ltd is experiencing a price increase, with its current price at Rs. 24.58, reflecting a change of 0.48 or 1.99% upward. The stock has reached a new 52-week high today and has shown strong performance, gaining 32.65% over the last seven days. Additionally, it has outperformed its sector by 1.6%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 166.79% against the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Mayur Leather's performance over the past week has been notably strong, with a return of +20.37%, while the Sensex has slightly declined by 0.20%. Over the past month, the stock has surged by 100.82%, significantly outperforming the Sensex's modest gain of 1.53%. This stark contrast highlights the stock's robust momentum relative to the broader market, indicating that investor sentiment is particularly favorable towards Mayur Leather at this time.