Why is Spencer's Retail falling/rising?

As of 23-Sep, Spencer's Retail Ltd is experiencing a decline in its stock price, currently at Rs 56.35, which reflects a decrease of -0.37 or -0.65%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of -3.68% over that period. It is also trading below all its moving averages, indicating a bearish trend. The company has a negative book value and a high debt-to-equity ratio of 2.45, which contributes to its weak long-term fundamentals. Additionally, the latest financial results show a significant drop in net sales and a negative EBITDA, further exacerbating investor concerns. Institutional investors have reduced their stakes, signaling a lack of confidence in the company's future performance.
In the broader market context, Spencer's Retail's short-term performance has been notably worse than the benchmark, with a -3.68% return over the past week compared to the Sensex's -0.34%. Over the last year, the stock has generated a return of -45.74%, significantly underperforming the BSE500, which has seen a decline of only -3.33%. This consistent underperformance, coupled with the company's poor financial health and declining investor participation, paints a concerning picture for potential investors, suggesting that the stock's downward trajectory is likely to continue in the near term.