Why is Liberty Shoes falling/rising?

As of 12-Sep, Liberty Shoes Ltd is experiencing a price increase, with its current price at Rs 339.05, reflecting a rise of Rs 5.45 or 1.63%. The stock has shown a positive trend today, outperforming its sector by 1.27% and reversing a two-day decline. It reached an intraday high of Rs 343.95, indicating a 3.1% gain during the trading session. Despite this upward movement, the stock's delivery volume has decreased by 21.85% compared to the five-day average, suggesting a decline in investor participation. Over the past week, the stock has gained 0.94%, but it remains down 29.50% year-to-date and 23.72% over the past year, highlighting a challenging longer-term performance.
In the broader market context, the Sensex has increased by 1.48% over the past week, which is higher than Liberty Shoes' short-term return. While the stock has outperformed the sector today, its year-to-date performance significantly lags behind the benchmark's 4.82% gain. The stock's moving averages indicate a mixed trend, being higher than the 5-day and 20-day averages but lower than the longer-term 50-day, 100-day, and 200-day averages. This suggests that while there may be short-term momentum, the stock's longer-term outlook remains uncertain compared to the broader market trends.