Why is Spencer's Retail falling/rising?

As of 18-Sep, Spencer's Retail Ltd is currently priced at 57.25, reflecting a decrease of 0.88, or 1.51%. The stock has underperformed its sector today by 2.49% and has experienced a consecutive decline over the last two days, resulting in a total drop of 2.14%. In the past week, the stock has fallen by 1.21%, and year-to-date, it has seen a significant decline of 29.36%. The company is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, the company has a negative book value and a weak long-term fundamental strength, with operating profit declining at an alarming rate of -350.95% over the last five years. The high debt-to-equity ratio of 2.45 times further exacerbates the stock's risk profile, contributing to its recent downward movement.
In the broader market context, the Sensex has gained 1.80% over the past week, contrasting sharply with Spencer's Retail's negative performance. The stock's year-to-date decline of 29.36% starkly contrasts with the Sensex's positive return of 6.24%, highlighting its underperformance relative to the market. Furthermore, institutional investors have reduced their stakes in the company by 1.19%, indicating a lack of confidence in its future prospects. This decline in institutional participation, combined with the company's poor financial results, including a negative EBITDA and a significant drop in net sales, suggests that investor sentiment remains weak, contributing to the stock's ongoing decline.