Why is Mayur Leather falling/rising?

As of 18-Nov, Mayur Leather Products Ltd is experiencing a price increase, with the current price at Rs 14.91, reflecting a rise of 1.35 or 9.96%. Today, the stock opened with a significant gain of 9.88% and reached an intraday high of Rs 14.91. Despite a recent decline of 17.62% over the past month, the stock has shown strong performance over a three-year period, with a return of 76.45%. Additionally, the stock has outperformed its sector by 12.58% today, and there has been a notable increase in investor participation, with delivery volume rising by 149.32% compared to the five-day average. However, the stock is trading below its shorter-term moving averages while remaining above the 200-day moving average.
In the broader market context, the Sensex has shown a modest gain of 0.86% over the past month, contrasting with Mayur Leather's significant decline during the same period. This suggests that while the stock has faced challenges recently, its current upward movement may be driven by specific factors such as increased investor interest and a strong opening today. The footwear sector, however, has seen a decline of 3%, indicating that the stock's rise is somewhat isolated from broader sector trends. Overall, the stock's recent performance reflects a complex interplay of short-term gains against a backdrop of longer-term volatility.