Why is Mayur Leather falling/rising?

As of 04-Aug, Mayur Leather Products Ltd is experiencing a decline in its stock price, currently at 17.58, which reflects a decrease of 0.35 or 1.95%. The stock has been underperforming significantly, having fallen for the last 11 consecutive days, resulting in a total decline of 19.28% during this period. Additionally, over the past week, the stock has decreased by 9.01%, while the benchmark Sensex has seen a slight increase of 0.16%. The stock's performance over the last month shows a substantial drop of 27.05%, contrasting with the Sensex's decline of only 2.89%. Although the stock is trading higher than its 50-day, 100-day, and 200-day moving averages, it is currently below its 5-day and 20-day moving averages, indicating a bearish trend. There is a notable increase in investor participation, with delivery volume rising by 638.65% against the 5-day average, suggesting some interest despite the overall decline.
In the broader market context, the stock's recent performance has been significantly weaker than the benchmark, particularly in the short term. While the Sensex has shown resilience with a year-to-date increase of 3.69%, Mayur Leather's performance has been disappointing, reflecting a lack of investor confidence. The absence of any positive factors in the dashboard further emphasizes the challenges the company is facing, contributing to the stock's downward trajectory. The liquidity of the stock remains adequate for trading, but the persistent decline and underperformance against the sector indicate a challenging environment for Mayur Leather Products Ltd.