Why is Spandana Sphoort falling/rising?

As of 04-Nov, Spandana Sphoorty Financial Ltd is experiencing a decline in its stock price, currently at Rs 243.70, reflecting a decrease of Rs 5.25 or 2.11%. The stock has been underperforming, having fallen for three consecutive days with a total decline of 6.07% during this period. It is trading below all key moving averages, indicating a bearish trend. Furthermore, the stock's performance over the past week shows a loss of 1.75%, and it has significantly underperformed the benchmark Sensex over various time frames, including a staggering 39.58% drop over the past year. The company's financial health is concerning, with negative results reported for the last six consecutive quarters and a drastic decline in operating profit.
In the broader market context, the Sensex has shown a positive return of 6.81% year-to-date, contrasting sharply with Spandana Sphoorty's year-to-date decline of 26.13%. This disparity highlights the stock's underperformance relative to the market. The company's high institutional holdings at 26.37% suggest that while there is some confidence from institutional investors, the overall sentiment remains negative due to poor long-term growth prospects and a risky trading profile. The significant drop in delivery volume and the negative EBITDA further contribute to the stock's downward trajectory, indicating a lack of investor confidence and a challenging operational environment.