Why is Mayur Leather falling/rising?

As of 10-Jul, Mayur Leather Products Ltd is experiencing a decline in its stock price, currently at Rs 24.08, reflecting a decrease of -0.49 or -1.99%. The stock has been underperforming recently, having fallen for the last two days with a total decline of -3.95%. Despite this short-term drop, the stock has shown strong performance over the past month, with a return of +78.50%, significantly outperforming the Sensex, which only increased by +0.97%. Additionally, it is trading above all its moving averages, indicating a generally positive trend over longer periods. However, there has been a notable decrease in investor participation, with delivery volume dropping by -77.1% compared to the 5-day average, which may be contributing to the recent price decline.
In the broader market context, while Mayur Leather's short-term performance has been negative, its longer-term returns remain impressive, particularly over the past three years, where it has increased by +270.46% compared to the Sensex's +52.69%. This suggests that despite the recent downturn, the stock has been a strong performer overall. The current market conditions show that while the stock is close to its 52-week high, the recent underperformance against its sector by -3.32% may be causing some investor caution. Overall, the combination of falling investor participation and recent price declines could be influencing the stock's current movement, despite its strong historical performance.