Why is Spencer's Retail falling/rising?

As of 07-Jul, Spencer's Retail Ltd is experiencing a decline in its stock price, currently at 61.64, reflecting a decrease of 0.66 or 1.06%. The stock has underperformed its sector today by 0.48%, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has dropped by 3.17%, and its year-to-date performance shows a significant decline of 23.95%. The company is facing serious challenges, including a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term fundamentals. Additionally, the recent financial results indicate a decrease in net sales and a negative profit after tax, further exacerbating investor concerns.
In the broader market context, the Sensex has only decreased by 0.20% over the past week, indicating that Spencer's Retail's performance is notably worse than the overall market. The stock's long-term returns are also concerning, with a 28.98% decline over the past year, contrasting sharply with the Sensex's 4.31% gain in the same period. The lack of investor participation, as evidenced by a significant drop in delivery volume, suggests a lack of confidence among traders. Furthermore, the minimal stake held by domestic mutual funds may indicate their discomfort with the company's valuation and business prospects, reinforcing the stock's downward trajectory.