Why is Liberty Shoes falling/rising?

As of 17-Sep, Liberty Shoes Ltd's stock price is rising, currently at 375.70, reflecting a change of 13.65 or 3.77% increase. The stock has been gaining for the last four days, with a total return of 12.62% during this period. It opened with a gain of 2.68% today and reached an intraday high of Rs 404.9, which is an increase of 11.84%. The stock has outperformed its sector by 3.35% today. However, despite this positive short-term performance, the stock has a year-to-date decline of 21.88% and a one-year decline of 20.50%. The company's return on capital employed (ROCE) stands at 9.8, indicating a very attractive valuation, but it has also faced challenges with a high Debt to EBITDA ratio of 2.54 times and a low return on equity of 4.41%, which signifies low profitability.
In the broader market context, Liberty Shoes has significantly outperformed the benchmark Sensex over the past week and month, with returns of 11.82% and 22.56%, respectively, compared to the Sensex's 1.56% and 2.60%. However, the stock's long-term performance has been poor, with a decline of 20.50% over the last year, while the broader market has only fallen by 0.46%. This disparity suggests that while the stock is experiencing a short-term rally, it has struggled to maintain investor confidence over the longer term, as evidenced by the lack of domestic mutual fund investment and the company's poor growth metrics.