Why is Spencer's Retail falling/rising?

As of 12-Aug, Spencers Retail Ltd is currently priced at Rs 57.00, reflecting an increase of Rs 1.2 or 2.15%. The stock has shown a positive performance today, having outperformed its sector by 0.65% and marking a consecutive gain over the last two days with a total return of 3.92%. However, despite this recent uptick, the stock has experienced significant declines over longer periods, with a year-to-date drop of 29.67% and a one-year return of -39.43%. The company faces challenges such as a negative book value, a high debt-to-equity ratio of 2.45, and poor long-term growth, which have contributed to its weak fundamental strength. Additionally, the stock is trading at a risky valuation compared to historical averages, and institutional investor participation has decreased, indicating a lack of confidence in the company's prospects.
In the broader market context, Spencers Retail's short-term performance has been relatively better than the benchmark, as it has outperformed the Sensex by 0.17% over the past week, while the Sensex itself has declined by 0.59%. However, the stock's long-term performance remains concerning, with underperformance against the BSE500 over the past three years and a significant drop in net sales and profits in recent quarters. This combination of short-term gains amidst a backdrop of long-term challenges suggests that while there may be temporary optimism reflected in today's price movement, the overall outlook for Spencers Retail remains precarious.