Why is Liberty Shoes falling/rising?

As of 13-Aug, Liberty Shoes Ltd's stock price is currently at Rs 311.00, reflecting a decrease of Rs 2.95 or 0.94%. The stock has shown a significant decline over the past month, with a return of -20.94%, and a staggering -41.21% over the past year. Today's trading saw the stock reach an intraday high of Rs 323 and a low of Rs 306, indicating volatility. The stock is trading below all key moving averages, which suggests a bearish trend. Additionally, while the stock has a relatively attractive valuation with a high return on capital employed (ROCE) of 9.8, its profits have decreased by 15.7% over the past year, contributing to negative sentiment. The company's high Debt to EBITDA ratio of 2.54 times raises concerns about its ability to service debt, further impacting investor confidence.
In the broader market context, Liberty Shoes has underperformed compared to the benchmark Sensex, which has shown a slight decline of only -0.01% over the past week. The stock's performance is particularly concerning given that it has generated a return of -41.21% over the last year, significantly worse than the market's average negative return of -0.64%. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the company's prospects, as these funds typically conduct thorough research before investing. Overall, the combination of poor financial performance, high debt levels, and underwhelming market returns has contributed to the stock's downward movement.