Why is Spencer's Retail falling/rising?

As of 20-Aug, Spencers Retail Ltd is experiencing a price increase, currently at Rs 60.66, reflecting a rise of Rs 4.16 or 7.36%. The stock has outperformed its sector today by 5.7%, reaching an intraday high of Rs 61.9, which is a 9.56% increase. However, despite this short-term gain, the stock has shown a negative performance over the past month, down 1.88%, and a significant decline of 25.16% year-to-date. The company's long-term fundamentals are concerning, with a negative book value and a high debt-to-equity ratio of 2.45 times. Additionally, the company has reported poor operating profit growth and negative earnings before interest, taxes, depreciation, and amortization (EBITDA), which contribute to its classification as a strong sell.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has increased by 1.64% over the past week. While Spencers Retail has shown a short-term uptick, its long-term performance remains underwhelming, with a 32.90% decline over the past year compared to the Sensex's modest gain of 1.31%. Furthermore, institutional investor participation has decreased, indicating a lack of confidence in the company's future prospects. This combination of short-term gains amidst long-term challenges suggests that while the stock may be rising today, significant underlying issues could hinder sustained growth.