Why is Liberty Shoes falling/rising?

As of 25-Jul, Liberty Shoes Ltd is experiencing a decline in its stock price, currently at Rs 378.00, which reflects a decrease of 2.0 points or 0.53%. Today, the stock opened with a gain of 2.09% and reached an intraday high of Rs 387.95. However, it has fallen after two consecutive days of gains, and the trading volume indicates a significant drop in investor participation, with delivery volume down by 68.49% compared to the five-day average. Over the past week, the stock has underperformed the benchmark Sensex, showing a decline of 0.53% against the Sensex's 0.36% drop. Additionally, the stock has underperformed significantly over the past year, with a return of -19.28% compared to the Sensex's 1.78% gain. The company's weak long-term fundamentals, including a low Return on Capital Employed (ROCE) and poor growth in net sales and operating profit, contribute to the negative sentiment surrounding the stock.
Broader Market Context: The broader market context shows that while the stock has outperformed its sector today, its overall performance has been lackluster compared to the benchmark indices over longer periods. The stock's year-to-date performance is notably poor, with a decline of 21.40%, contrasting sharply with the Sensex's gain of 4.25%. This disparity highlights the challenges Liberty Shoes faces in gaining investor confidence, especially given the low participation from domestic mutual funds, which may indicate a lack of comfort with the stock's valuation or business prospects. Overall, the combination of weak fundamentals, declining investor interest, and underperformance relative to the market contributes to the stock's current downward trajectory.