Why is Mayur Leather falling/rising?

As of 08-Jul, Mayur Leather Products Ltd is experiencing a price increase, currently at Rs. 25.07, reflecting a rise of 0.49 or 1.99%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last eight days with a total return of 35.29% during this period. Additionally, the stock has significantly outperformed the sector by 2.95%. Over the past week, Mayur Leather has shown a remarkable return of 16.93%, and over the last month, it has surged by 104.82%, indicating strong momentum. However, there is a noted decline in investor participation, with delivery volume falling by 44.48% compared to the five-day average, which could suggest a potential concern for future trading activity.
Broader Market Context: In comparison to the benchmark Sensex, which has only increased by 0.02% over the past week and 1.85% over the past month, Mayur Leather's performance stands out significantly. The stock's impressive returns over various time frames, including a staggering 285.69% over three years and 713.96% over five years, highlight its strong growth relative to the broader market. This disparity in performance suggests that investor sentiment towards Mayur Leather is particularly positive, contributing to its rising stock price despite the recent drop in trading volume.