Why is Liberty Shoes falling/rising?

As of 14-Jul, Liberty Shoes Ltd is experiencing a decline in its stock price, currently at Rs 380.00, which reflects a decrease of Rs 13.35 or 3.39%. The stock has underperformed its sector by 3.32% today and has been on a downward trend for the last two days, with a total drop of 4.51% during this period. The stock reached an intraday low of Rs 375, indicating significant selling pressure. Over the past week, the stock has fallen by 4.76%, and its year-to-date performance shows a substantial decline of 20.98%. While the company has a relatively attractive valuation with a ROCE of 9.8 and is trading at a discount compared to peers, it has also shown weak long-term growth, with net sales increasing at a mere 0.71% annually over the last five years.
In the broader market context, the Sensex has only declined by 1.42% over the past week, indicating that Liberty Shoes is underperforming compared to the overall market. The stock's negative returns of 11.85% over the past year starkly contrast with the market's modest gain of 0.26%, highlighting its struggle to attract investor confidence. The lack of domestic mutual fund investment, which stands at 0%, suggests that institutional investors may be wary of the company's long-term prospects, further contributing to the stock's downward trajectory. Overall, the combination of weak fundamentals, poor growth metrics, and significant underperformance relative to the market are key factors driving the stock's decline.