Why is Mayur Leather falling/rising?

As of 28-Oct, Mayur Leather Products Ltd is experiencing a decline in its stock price, currently at Rs 16.11, which represents a decrease of 1.79 or 10.0%. The stock has underperformed its sector significantly today, with a performance drop of 11.68%. It reached an intraday low of Rs 16.11, and trading volume has decreased sharply, with delivery volume falling by 97% compared to the 5-day average. While the stock's moving averages indicate it is above the 50-day and 200-day averages, it is below the 5-day, 20-day, and 100-day averages, suggesting a bearish trend. The stock's performance over the past week shows a decline of 9.75%, contrasting with a modest gain of 1.64% over the past month.
In the broader market context, the Sensex has shown a slight increase of 0.24% over the past week and a more substantial gain of 5.22% over the past month, indicating that the overall market is performing better than Mayur Leather. This underperformance relative to the benchmark may be contributing to the stock's decline. The lack of available positive or negative factors further complicates the analysis, as there are no specific catalysts or concerns identified that could explain the stock's recent movement. Overall, the combination of poor short-term performance, reduced investor participation, and a stronger market backdrop suggests that Mayur Leather is facing challenges that are impacting its stock price negatively.