Why is Mayur Leather falling/rising?

As of 13-Oct, Mayur Leather Products Ltd is experiencing a price increase, currently at Rs 18.88, which reflects a rise of Rs 1.18 or 6.67%. The stock has shown strong performance recently, gaining 21.03% over the last four days and outperforming its sector by 6.75% today. It opened with a significant gain of 10% and reached an intraday high of Rs 19.47. Additionally, the stock has consistently traded above its moving averages across various time frames, indicating a bullish trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 45.86% compared to the five-day average, which could be a concern for sustained momentum.
In the broader market context, Mayur Leather's short-term performance has significantly outpaced the benchmark Sensex, which only increased by 0.66% over the past week. The stock's one-week return of 14.98% further emphasizes its strength relative to the market. While the stock has shown impressive returns over longer periods, such as 99.58% over three years and 239.57% over five years, the recent drop in delivery volume may suggest caution among investors, potentially impacting future price movements.