Why is Spencer's Retail falling/rising?

As of 15-Sep, Spencer's Retail Ltd is currently priced at 57.81, reflecting an increase of 0.78 or 1.37%. The stock has shown a trend reversal by gaining after three consecutive days of decline, outperforming its sector by 0.63% today. However, despite this short-term uptick, the stock has underperformed in the longer term, with a year-to-date decline of 28.67% and a staggering 43.30% drop over the past year. The company is facing significant 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, institutional investor participation has decreased, indicating a lack of confidence in the company's prospects.
In the broader market context, while Spencer's Retail has seen a slight rise today, its one-week performance is down by 1.67%, contrasting with the Sensex, which has gained 1.24% in the same period. The stock's performance over the last three years has also been poor, with a decline of 28.59% compared to the Sensex's impressive 36.46% increase. This underperformance highlights the challenges Spencer's Retail faces in attracting investor confidence and improving its financial fundamentals, which are crucial for a sustained recovery.