Why is Liberty Shoes falling/rising?

As of 04-Aug, Liberty Shoes Ltd is currently priced at 334.00, reflecting a rise of 1.05 (0.32%). The stock has recently gained after experiencing six consecutive days of decline, although it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has underperformed its sector by 0.29%, and its delivery volume has decreased significantly, indicating falling investor participation. Despite a year-to-date return of -30.55% and a one-year return of -37.69%, the company has a relatively attractive valuation with a ROCE of 9.8 and is trading at a discount compared to its peers. However, the stock's long-term fundamentals are weak, with low growth rates in net sales and operating profit, and a high Debt to EBITDA ratio, which raises concerns about its ability to service debt.
In the broader market context, Liberty Shoes has underperformed the benchmark, with a one-year return of -37.69% compared to the Sensex's slight gain of 0.05%. The stock's performance over the past month has also been poor, with a decline of 16.29% against the Sensex's drop of only 2.89%. This significant underperformance may contribute to the lack of interest from domestic mutual funds, which hold no stake in the company, suggesting a lack of confidence in its current valuation and business prospects. Overall, while the recent price increase may indicate a potential reversal, the underlying fundamentals and market sentiment remain challenging for Liberty Shoes Ltd.