Why is Spencer's Retail falling/rising?

As of 03-Jul, Spencer's Retail Ltd is experiencing a decline in its stock price, currently at 61.82, reflecting a decrease of 0.99 or 1.58%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.5% in that period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -29.62%, significantly underperforming the benchmark Sensex, which has increased by 4.07%. The company's weak long-term fundamentals, highlighted by a negative book value and a high debt-to-equity ratio, further contribute to investor concerns. The negative operating profit growth rate of -178.55% over the last five years and the recent negative quarterly results, including a net sales drop and a negative PAT, indicate ongoing financial struggles.
In the broader market context, while the Sensex has shown a positive return of 3.10% over the past month, Spencer's Retail has declined by 1.80% in the same timeframe, illustrating its underperformance relative to the market. The stock's liquidity appears adequate, with a delivery volume increase of 46.31% against the 5-day average, yet domestic mutual funds hold only a minimal stake of 0.01%, suggesting a lack of confidence in the company's prospects. Overall, the combination of poor financial performance, high debt levels, and underwhelming investor interest contributes to the stock's downward trajectory in the current market environment.