Why is Spencer's Retail falling/rising?

As of 18-Jul, Spencers Retail Ltd's stock price is currently at 61.82, reflecting a decrease of 0.08 or 0.13%. The stock's performance today is in line with the sector, showing a delivery volume increase of 27.02% compared to the 5-day average. However, the stock has underperformed significantly over the longer term, with a year-to-date decline of 23.73% and a 1-year return of -23.58%. The company faces serious challenges, including a negative book value and a high debt-to-equity ratio, which indicate weak long-term fundamentals. Additionally, the stock is considered risky due to negative EBITDA and a consistent underperformance against the benchmark, as it has generated negative returns over the past three years. In the broader market context, the Sensex has shown a slight increase of 0.38% over the past month, contrasting with Spencers Retail's decline of 3.03% during the same period. This indicates that while the overall market has been relatively stable, Spencers Retail continues to struggle. The falling participation from institutional investors, who have reduced their stake by 1.19%, further highlights the lack of confidence in the company's future prospects. Overall, the stock's persistent underperformance against the benchmark and the negative financial indicators contribute to its current downward price movement.