Why is Spencer's Retail falling/rising?

As of 11-Jul, Spencer's Retail Ltd is currently priced at 61.10, reflecting an increase of 0.22 (0.36%). The stock has shown a positive trend recently, with a consecutive gain over the last two days, resulting in a total return of 0.58% during this period. However, it is important to note that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a general downtrend. Additionally, the stock has underperformed significantly over the past year, with a decline of 27.23%, while the broader market benchmark, the Sensex, has gained 3.26% in the same timeframe. The company's weak long-term fundamentals, characterized by a negative book value and a high debt-to-equity ratio, contribute to its poor performance, alongside a significant drop in investor participation and negative EBITDA.
In the broader market context, Spencer's Retail has underperformed against the benchmark, with a 1-week return of -1.93% compared to the Sensex's -1.12%. The retail sector itself has also faced challenges, declining by 2.43%. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume suggests waning investor interest. The lack of confidence from domestic mutual funds, which hold only a minimal stake in the company, further underscores the market's cautious stance towards Spencer's Retail. Overall, while there has been a slight uptick in the stock price recently, the underlying fundamentals and market conditions indicate a challenging environment for sustained growth.