Why is Liberty Shoes falling/rising?

As of 03-Sep, Liberty Shoes Ltd is currently priced at Rs 337.80, reflecting an increase of Rs 8.85 or 2.69%. The stock has shown a positive trend, gaining for the last four consecutive days and achieving a total return of 9.68% during this period. It has outperformed its sector by 1.82% today and reached an intraday high of Rs 340. While the stock is trading above its 5-day and 20-day moving averages, it remains below its longer-term moving averages. Despite a significant decline of 26.57% over the past year and a 15.7% drop in profits, the stock is considered to have a very attractive valuation with a return on capital employed (ROCE) of 9.8% and is trading at a discount compared to its peers. However, concerns about its high Debt to EBITDA ratio of 2.54 times and low profitability per unit of shareholders' funds may weigh on investor sentiment.
In the broader market context, Liberty Shoes has outperformed the Sensex in the short term, with a 1-week return of 6.61% compared to the benchmark's decline of 0.27%. While the stock has struggled over the longer term, with a year-to-date return of -29.76% against the Sensex's positive return of 3.11%, its recent performance indicates a potential recovery phase. The stock's liquidity is adequate for trading, and the increase in delivery volume suggests rising investor participation, which could be a positive sign for future performance. However, the lack of domestic mutual fund investment may indicate caution among institutional investors regarding the stock's long-term growth prospects.