Why is Sreeleathers falling/rising?

As of 17-Nov, Sreeleathers Ltd. is experiencing a rise in its stock price, currently at 235.60, reflecting an increase of 13.6 or 6.13%. The stock has shown a positive performance today, outperforming its sector by 5.72% and has gained consecutively for the last two days, accumulating a total return of 6.97% in this period. It opened with a significant gain of 4.93% and reached an intraday high of Rs 238.8. However, despite these positive movements, there has been a decline in investor participation, with delivery volume falling by 22.25% against the 5-day average, which could indicate a potential concern regarding sustained interest in the stock.
Broader Market Context: In the short term, Sreeleathers has outperformed the benchmark Sensex, with a weekly return of 4.94% compared to the Sensex's 1.69%. This trend suggests that the stock is gaining traction relative to the broader market, particularly in the recent week and month, where it has also shown positive returns of 3.79%. However, it is important to note that year-to-date, the stock is down 8.09%, contrasting with the Sensex's gain of 8.72%, indicating that while the stock is currently rising, it has faced challenges over a longer timeframe.