Why is Liberty Shoes falling/rising?

As of 11-Sep, Liberty Shoes Ltd is experiencing a decline in its stock price, currently at Rs 333.60, which reflects a decrease of Rs 2.4 or 0.71%. The stock has underperformed its sector by 0.61% today and has been on a consecutive decline for the last two days, resulting in a total drop of 1.68% during this period. Additionally, the stock's performance over the past week shows a decline of 2.71%, while it has seen a significant drop of 30.63% year-to-date. Despite touching an intraday high of Rs 345, the overall trading activity indicates a lack of investor participation, with delivery volume falling by 80.8% compared to the five-day average. The stock's moving averages are higher than the 20-day average but lower than the 5-day, 50-day, 100-day, and 200-day averages, suggesting a mixed technical outlook.
In the broader market context, the Sensex has gained 1.03% over the past week, contrasting with Liberty Shoes' decline. While the stock has shown a positive return of 9.74% over the past month, its year-on-year performance remains weak at -26.19%, indicating a struggle to keep pace with the overall market, which has only slightly increased by 0.03% during the same period. The significant disparity between the stock's performance and that of the benchmark highlights ongoing challenges for Liberty Shoes, contributing to the downward pressure on its stock price.