Why is Spencer's Retail falling/rising?

As of 25-Aug, Spencers Retail Ltd's stock price is currently at Rs 60.35, reflecting an increase of Rs 1.52 or 2.58%. The stock has shown a trend reversal, gaining after two consecutive days of decline, although it opened the day down by 3.28%. It reached an intraday high of Rs 60.35 but also touched a low of Rs 55.65 during the trading session. Over the past week, the stock has outperformed its sector by 2.04%, but it has a concerning long-term outlook with a negative book value and a significant debt-to-equity ratio of 2.45 times. Additionally, the stock has underperformed in the long term, with a year-to-date decline of 25.54% and a one-year return of -36.81%. The recent negative financial results, including a 24.42% decline in net sales and a negative EBITDA, contribute to the stock's risky profile, leading to falling participation from institutional investors.
In the broader market context, Spencers Retail's short-term performance of +6.44% over the past week contrasts sharply with the Sensex's modest gain of 0.45%. Despite this short-term outperformance, the stock's long-term performance remains weak, with a significant underperformance compared to the benchmark over one year and three years. The decline in institutional investor participation, which has decreased by 1.19% in the previous quarter, further indicates a lack of confidence in the company's fundamentals. Overall, while the stock is experiencing a short-term rise, the underlying financial challenges and negative investor sentiment suggest a cautious outlook moving forward.