Why is Spencer's Retail falling/rising?

As of 09-Jul, Spencer's Retail Ltd is experiencing a decline in its stock price, currently at 60.75, which reflects a decrease of 0.35 or 0.57%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 2.49% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating weak momentum. The stock has underperformed significantly over various time frames, with a year-to-date decline of 25.05% and a one-year drop of 26.17%. The company is also facing challenges such as a negative book value, high debt levels, and poor long-term growth, which contribute to its weak fundamental strength and investor sentiment.
In the broader market context, while the Sensex has shown a slight increase of 0.15% over the past week, Spencer's Retail has declined by 3.28% in the same period, highlighting its underperformance relative to the benchmark. The stock's liquidity appears to be decreasing, with delivery volume dropping by 48.56% compared to the 5-day average, suggesting waning investor interest. Furthermore, domestic mutual funds hold only a minimal stake in the company, which may indicate a lack of confidence in its prospects. Overall, the consistent underperformance against the benchmark and the negative financial indicators are contributing to the stock's downward movement.