Why is Spencer's Retail falling/rising?

As of 10-Jul, Spencer's Retail Ltd is currently priced at 60.88, reflecting a slight increase of 0.13 or 0.21%. Despite this uptick, the stock has been underperforming in the longer term, with a year-to-date decline of 24.89% and a one-year return of -27.11%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline, outperforming its sector by 0.76%. However, it is trading below all its moving averages, and there has been a decrease in investor participation, with delivery volume falling by 5.28% against the five-day average. The company faces significant challenges, including a negative book value, high debt levels, and poor long-term growth, which have contributed to its weak fundamental strength and overall riskiness.
In the broader market context, Spencer's Retail's short-term performance has been notably worse than the benchmark, with a one-week return of -1.52% compared to a minimal decline of 0.06% in the Sensex. The stock's consistent underperformance over the last three years, coupled with a low stake from domestic mutual funds, suggests a lack of confidence in its future prospects. While the stock has seen a minor rise today, the underlying financial issues and negative trends indicate that the overall sentiment remains bearish, reflecting ongoing concerns about its viability and growth potential in the market.