Why is Liberty Shoes falling/rising?

As of 24-Sep, Liberty Shoes Ltd is experiencing a decline in its stock price, currently at 345.55, which reflects a decrease of 13.05 points or 3.64%. The stock has been underperforming, having lost 8.03% over the past week and 34.18% over the last year. Today's performance indicates a consecutive fall over the last three days, with an intraday low of Rs 343.9, and it opened with a loss of 2.01%. Additionally, the stock's delivery volume has significantly decreased by 69.44% compared to its five-day average, indicating falling investor participation. The company's financial metrics reveal a high Debt to EBITDA ratio of 2.54 times and a low Return on Equity of 4.41%, suggesting challenges in servicing debt and low profitability, which contribute to the negative sentiment surrounding the stock.
In the broader market context, Liberty Shoes has underperformed relative to the Sensex, which has only declined by 1.18% over the past week. While the stock has shown some positive returns over the past month at 10.40%, its year-to-date performance is significantly worse at -28.15%, compared to the Sensex's gain of 4.58%. The company's poor long-term growth prospects, with net sales growing at an annual rate of only 5.29% over the last five years, coupled with negative results reported in June, further exacerbate investor concerns. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the company's future performance, contributing to the stock's downward trajectory.