Why is Liberty Shoes falling/rising?

As of 10-Jun, Liberty Shoes Ltd is experiencing a price increase, currently at 445.35, reflecting a rise of 27.8 or 6.66%. The stock has shown a positive trend today, outperforming its sector by 5.91% and reversing a three-day decline. It reached an intraday high of Rs 449, and is trading above its moving averages across multiple time frames. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 9.77% compared to the five-day average. While the stock has generated a return of 21.56% over the past year, its profits have only increased by 0.7%, indicating a disparity between stock performance and profit growth. The company’s valuation appears attractive with a ROCE of 9.8, but it also faces challenges such as a high Debt to EBITDA ratio and weak long-term growth metrics.
In the broader market context, Liberty Shoes has outperformed the Sensex in the short term, with a 1-week return of 5.40% compared to the benchmark's 2.05%. However, the stock's year-to-date performance shows a decline of 7.39%, contrasting with the Sensex's gain of 5.44%. This mixed performance highlights the stock's volatility and the potential concerns investors may have regarding its long-term fundamentals, particularly given the low domestic mutual fund interest in the company. Despite the recent positive movement, the stock's technical indicators suggest a mildly bearish outlook, which may temper investor enthusiasm moving forward.