Why is Liberty Shoes falling/rising?

As of 12-Aug, Liberty Shoes Ltd is experiencing a price increase, currently at Rs 313.95, reflecting a rise of Rs 9.95 or 3.27%. Today's price summary indicates that the stock has outperformed its sector by 4.45% and has shown a trend reversal after two consecutive days of decline. Despite opening with a loss of 2.65%, the stock reached an intraday high of Rs 315, although it also touched a low of Rs 293. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a rise in investor participation, with delivery volume increasing by 18.52% compared to the 5-day average, suggesting a growing interest in the stock. However, the performance over the past week and month shows significant declines of 4.98% and 20.19%, respectively, indicating a challenging recent history.
In the broader market context, Liberty Shoes' recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.59% over the past week and 2.75% over the past month. This suggests that while Liberty Shoes is currently experiencing a short-term rebound, its longer-term performance has been significantly weaker, with a year-to-date decline of 34.72% compared to the Sensex's gain of 2.68%. The stock's substantial underperformance over the past year, down 38.90%, further emphasizes the challenges it faces in regaining investor confidence, despite today's positive movement.