Why is Liberty Shoes falling/rising?

As of 22-Jul, Liberty Shoes Ltd is experiencing a decline in its stock price, currently at Rs 372.05, which reflects a decrease of Rs 10.95 or 2.86%. The stock has underperformed its sector by 2.15% today, reaching an intraday low of Rs 372. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 3.35%, and it has shown a significant year-to-date decline of 22.63%. Although the company has a relatively attractive valuation with a ROCE of 9.8 and is trading at a discount compared to its peers, its long-term fundamentals are weak, with low sales growth and a high Debt to EBITDA ratio, which may be contributing to the stock's downward movement.
In the broader market context, the Sensex has only decreased by 0.47% over the past week, suggesting that Liberty Shoes' decline is more pronounced than the overall market trend. The stock's performance over the last month shows a drop of 9.03%, while the benchmark has remained relatively stable with a decrease of just 0.27%. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the stock's future performance, further exacerbating its decline. Overall, the combination of weak fundamentals, poor recent performance relative to the market, and low investor confidence are likely driving the stock's current downward trajectory.