Why is Liberty Shoes falling/rising?

As of 18-Sep, Liberty Shoes Ltd is currently priced at Rs 373.00, reflecting a decline of Rs 2.7 or 0.72%. The stock has experienced a trend reversal, falling after four consecutive days of gains. Despite this recent drop, the stock has shown strong performance over the past week and month, with returns of +11.81% and +17.30%, respectively. However, it has underperformed over the year, with a return of -24.83%. The stock's valuation appears attractive with a Return on Capital Employed (ROCE) of 9.8 and a favorable enterprise value to capital employed ratio of 2.1, yet it faces challenges such as a high Debt to EBITDA ratio of 2.54 times and a low average Return on Equity of 4.41%, indicating profitability concerns.
In the broader market context, while the Sensex has gained +1.80% over the past week and +2.14% over the past month, Liberty Shoes has significantly outperformed the benchmark in the short term. However, its year-to-date performance remains concerning, with a decline of -22.44% compared to the Sensex's +6.24%. The stock's liquidity is adequate, as indicated by a substantial increase in delivery volume, but the lack of domestic mutual fund investment suggests a lack of confidence in the company's prospects. Overall, while there are positive indicators, the combination of high debt levels, poor long-term growth, and significant underperformance relative to the market has contributed to the stock's recent decline.