Why is Spencer's Retail falling/rising?

As of 24-Jul, Spencer's Retail Ltd is currently priced at 60.75, reflecting a decrease of 0.82, or 1.33%. The stock has underperformed its sector today by 0.88%, and it has experienced a trend reversal, falling after two consecutive days of gains. Additionally, Spencer's Retail is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week shows a decline of 1.86%, and it has significantly underperformed the benchmark, with a year-to-date return of -25.05% compared to the Sensex's gain of 5.18%. The company's negative book value and weak long-term fundamentals, highlighted by a staggering -178.55% annual growth rate in operating profit over the last five years, contribute to its current struggles. Furthermore, the stock is considered risky due to its negative EBITDA and a high debt-to-equity ratio of -2.38 times, which raises concerns among investors.
In the broader market context, Spencer's Retail has consistently underperformed against the benchmark over the last three years, generating a return of -24.84% in the past year while the Sensex has increased by 2.54%. Institutional investors have also reduced their stake in the company by 1.19% over the previous quarter, indicating a lack of confidence in its fundamentals. This decline in institutional participation, coupled with a significant drop in delivery volume by 71% against the 5-day average, suggests a weakening interest in the stock. Overall, the combination of poor financial performance, high debt levels, and declining investor participation has led to the stock's recent downward movement.