Why is Mayur Leather falling/rising?

As of 29-Oct, Mayur Leather Products Ltd is experiencing a price increase, currently at Rs 17.22, which reflects a rise of 1.04 or 6.43%. Today's price summary indicates that the stock outperformed its sector by 3.03%, reaching an intraday high of Rs 17.25, marking a 6.61% increase. The stock has shown a positive trend over the past month with a return of 3.49%, although it has underperformed the benchmark Sensex, which gained 5.76% in the same period. The stock's moving averages indicate it is higher than the 50-day and 200-day averages but lower than the 5-day, 20-day, and 100-day averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 83.68% against the 5-day average, suggesting growing interest in the stock.
Broader market context shows that while Mayur Leather has faced a decline of 3.53% over the past week, the Sensex has increased by 0.68%, indicating a relative underperformance in the short term. However, the footwear sector has gained by 3.4%, which may have contributed positively to Mayur Leather's recent price movement. The stock's strong performance over the last three years, with a return of 122.77%, and five years, with a return of 224.91%, indicates a solid long-term growth trajectory, despite the recent fluctuations. Overall, the combination of rising investor interest and sector performance appears to be supporting the stock's upward movement.