Why is Liberty Shoes falling/rising?

As of 13-Jun, Liberty Shoes Ltd is currently priced at 422.35, reflecting a decrease of 3.55, or 0.83%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 5.16% during this period. Today's trading saw the stock touch an intraday low of Rs 412, indicating significant selling pressure. Despite outperforming its sector by 0.6% today, the stock's performance over the past year shows a return of 12.13%, which is overshadowed by a weak long-term growth outlook, with net sales growing at only 0.71% annually over the last five years. The company's return on capital employed (ROCE) is relatively low at 9.8, suggesting that while it has attractive valuations compared to peers, its long-term fundamental strength is weak, contributing to the recent price decline.
In the broader market context, Liberty Shoes' short-term performance has been slightly better than the benchmark Sensex, which has decreased by 1.30% over the past week, while Liberty Shoes has seen a marginal decline of 0.04%. However, the stock's year-to-date performance is concerning, with a drop of 12.18%, contrasting sharply with the Sensex's gain of 3.81%. The falling investor participation, as indicated by a 27.51% decrease in delivery volume, further exacerbates the stock's downward movement, suggesting a lack of confidence among investors. Additionally, the absence of domestic mutual fund investment may indicate broader market apprehension regarding the company's future prospects, contributing to the stock's current struggles.