Why is Spencer's Retail falling/rising?

As of 08-Jul, Spencer's Retail Ltd is experiencing a decline in its stock price, currently at 61.10, which reflects a decrease of -0.54 or -0.88%. The stock has underperformed its sector by -0.39% today and has been on a downward trend for the last two days, accumulating a total drop of -1.93%. Over the past week, the stock has decreased by -4.62%, and it has shown a significant decline of -24.61% year-to-date. The company is trading below all its moving averages, indicating a bearish sentiment among investors. Additionally, the delivery volume has decreased by -20.52% compared to the five-day average, suggesting a lack of investor interest. The company’s negative book value and high debt levels further contribute to its weak long-term fundamentals, with operating profit declining at an alarming rate of -178.55% over the last five years.
In the broader market context, the Sensex has remained relatively stable, with a slight increase of +0.02% over the past week, contrasting sharply with Spencer's Retail's poor performance. The stock has underperformed the BSE500 index over various time frames, including the last three years and one year, where it generated a return of -29.77% compared to the benchmark's +4.69%. The low stake held by domestic mutual funds, at only 0.01%, indicates a lack of confidence in the company’s prospects, which may further exacerbate the stock's decline. Overall, the combination of negative financial indicators, poor investor sentiment, and underperformance relative to the market contributes to the stock's downward trajectory.