Why is Spencer's Retail falling/rising?

As of 23-Jun, Spencer's Retail Ltd is experiencing a decline in its stock price, currently at Rs 61.20, which reflects a decrease of Rs 1.36 or 2.17%. The stock has underperformed its sector by 3.14% today, touching an intraday low of Rs 60.71. Over the past week, the stock has dropped by 2.16%, and it has shown a significant decline of 24.49% year-to-date. The company's long-term fundamentals are weak, highlighted by a negative book value and a high debt-to-equity ratio of 2.45 times. Additionally, the company has reported negative operating profit growth of -178.55% over the last five years, and its recent financial results indicate a low net sales figure and a negative profit after tax, further contributing to investor concerns.
In the broader market context, the Sensex has shown a slight increase of 0.12% over the past week, contrasting with Spencer's Retail's performance. The stock's performance has lagged significantly behind the benchmark, with a year-to-date return of -24.49% compared to the Sensex's positive return of 4.81%. This underperformance is compounded by the fact that domestic mutual funds hold only 0.01% of the company, suggesting a lack of confidence in its prospects. Overall, the combination of poor financial performance, high debt levels, and weak investor sentiment has led to the stock's continued decline.