Why is Mayur Leather falling/rising?

As of 19-Nov, Mayur Leather Products Ltd is experiencing a price increase, currently at Rs 16.00, reflecting a rise of 1.09 or 7.31%. The stock has shown strong performance today, outperforming its sector by 10.44% and achieving a consecutive gain over the last two days with a total return of 17.99%. It opened with a significant gain of 9.99% and reached an intraday high of Rs 16.4. Despite some volatility, with an intraday range of Rs 2.4 and a high volatility percentage of 7.89%, the stock remains higher than its 5-day and 200-day moving averages. However, it is lower than its 20-day, 50-day, and 100-day moving averages. The rising investor participation, indicated by an 18.43% increase in delivery volume, suggests growing interest in the stock.
In the broader market context, Mayur Leather's short-term return of +3.16% over the past week significantly outpaces the Sensex's return of +0.85%. While the stock has faced a decline of 11.60% over the past month, the overall year-to-date performance of the Sensex at +9.02% indicates a relatively stable market backdrop. The footwear sector, however, has seen a decline of -3.21%, which contrasts with Mayur Leather's recent gains, suggesting that the company's performance may be driven by company-specific factors rather than broader sector trends.