Why is Liberty Shoes falling/rising?

As of 24-Jul, Liberty Shoes Ltd is experiencing a rise in its stock price, currently at 380.00, reflecting an increase of 5.45 (1.46%). The stock has shown positive momentum, gaining for the last two days with a total return of 2.14% during this period. It opened with a gain of 2% today and reached an intraday high of Rs 384.7. Despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 20.98% and a one-year return of -16.60%. The company's valuation appears attractive with a ROCE of 9.8 and a low enterprise value to capital employed ratio, but it also faces challenges such as weak long-term growth and a high debt to EBITDA ratio, which may impact investor confidence.
In the broader market context, Liberty Shoes has outperformed its sector by 1.88% today, while the benchmark Sensex has shown a slight decline of 0.09% over the past week. However, the stock's performance over the past month and year has been disappointing compared to the Sensex, which has gained 0.16% and 5.18% respectively. The stock's weak long-term fundamentals and low domestic mutual fund interest suggest a lack of confidence among institutional investors, which could hinder its recovery despite the recent price increase.