Why is Spel Semiconduct falling/rising?

As of 28-Jul, Spel Semiconductor Ltd's stock price is currently at Rs 117.10, reflecting a decrease of Rs 1.15 or 0.97%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 3.42%. In terms of performance, the stock has shown a significant drop of 9.22% over the past month and a staggering 48.98% over the past year, while the benchmark Sensex has only decreased by 3.77% and 0.54%, respectively. The company's financial health is concerning, as it has reported operating losses and a high Debt to EBITDA ratio of 4.25 times, indicating a weak ability to service its debt. Additionally, the recent negative quarterly results, including a PAT of Rs -2.68 crore, further highlight the company's struggles.
In the broader market context, while the stock has outperformed its sector by 2.15% today, it still lags significantly behind the benchmark returns, which have been less severe than its own declines. The IT - Hardware sector has also faced a downturn, falling by 3.09%. Despite an increase in investor participation, as indicated by a 48.53% rise in delivery volume, the overall sentiment remains negative due to the company's weak long-term fundamentals and low profitability. The limited interest from domestic mutual funds, holding only 0.05% of the company, suggests a lack of confidence in the stock's future performance, contributing to its ongoing decline.