Why is Spencer's Retail falling/rising?

As of 11-Aug, Spencer's Retail Ltd is currently priced at Rs 55.80, reflecting an increase of Rs 0.95, or 1.73%. Despite this recent uptick, the stock has shown a significant decline over the past week and month, with returns of -3.28% and -8.67%, respectively. The stock is also trading close to its 52-week low, just 3.67% above Rs 53.75. Although it has outperformed its sector by 1.4% today and has seen a rise in delivery volume, the overall sentiment remains negative due to a weak long-term fundamental strength characterized by a negative book value and high debt levels. The company's operating profit has drastically declined, and it has reported negative earnings before interest, taxes, depreciation, and amortization (EBITDA), indicating a risky investment profile.
In the broader market context, the Sensex has only declined by 0.51% over the past week, suggesting that Spencer's Retail's short-term performance is underperforming relative to the benchmark. The stock's long-term performance is concerning, with a year-to-date return of -31.15% compared to the Sensex's positive return of 3.15%. Additionally, institutional investors have reduced their stakes, indicating a lack of confidence in the company's fundamentals. Overall, while there is a slight positive movement in the stock price today, the underlying factors suggest a challenging environment for Spencer's Retail, contributing to its overall decline in value.