Why is Liberty Shoes falling/rising?

As of 06-Aug, Liberty Shoes Ltd is experiencing a decline in its stock price, currently at Rs 321.00, which reflects a decrease of Rs 9.4 or 2.85%. The stock has been underperforming, having fallen for the last two days with a total decline of 3.89% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a significant drop of 6.94%, and it has underperformed the sector by 2.1% today. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 44.74% compared to the 5-day average, suggesting waning interest among investors.
In the broader market context, the Sensex has only declined by 1.15% over the past week, highlighting that Liberty Shoes' performance is considerably worse than the benchmark. Over the past month, the stock has decreased by 19.55%, while the Sensex has fallen by just 3.46%. Year-to-date, Liberty Shoes has seen a substantial decline of 33.25%, contrasting sharply with the Sensex's gain of 3.08%. This stark difference indicates that the stock is not only struggling in the short term but also underperforming significantly compared to the overall market trend.