Why is Spencer's Retail falling/rising?

As of 14-Aug, Spencers Retail Ltd is currently priced at 56.69, reflecting a decrease of 0.21, or 0.37%. The stock has underperformed its sector today by 0.79% and has experienced a consecutive decline over the last two days, resulting in a total drop of 0.54%. Over the past week, the stock has shown a modest gain of 2.14%, but it has significantly underperformed over longer periods, with a year-to-date decline of 30.06% and a one-year drop of 37.61%. The company is facing substantial challenges, including a negative book value and a high debt-to-equity ratio of 2.45 times, which contribute to its weak long-term fundamental strength. Additionally, the stock's operating profit has seen a drastic annual decline of 350.95% over the last five years, and recent financial results have shown a negative profit after tax of Rs -130.02 crore, further indicating poor performance.
In the broader market context, the Sensex has remained relatively stable, with a slight decline of 0.03% over the past week, contrasting with Spencers Retail's recent performance. The stock's liquidity appears adequate for trading, but there is a notable decrease in investor participation, with delivery volume falling by 46.87% against the five-day average. Institutional investors have also reduced their stakes by 1.19%, indicating a lack of confidence in the company's prospects. Overall, the combination of poor financial performance, high debt levels, and declining investor interest suggests that Spencers Retail is facing significant headwinds, contributing to its recent price decline.