Why is Spencer's Retail falling/rising?

As of 24-Sep, Spencer's Retail Ltd is experiencing a decline in its stock price, currently at Rs 55.65, which reflects a decrease of Rs 0.58 or 1.03%. The stock has been underperforming significantly, having fallen consecutively for the last six days, resulting in a total drop of 4.87% during this period. It is also trading close to its 52-week low, just 3.41% above Rs 53.75. The stock's performance over various time frames shows a stark contrast to the benchmark, with a year-to-date decline of 31.34% compared to a 4.58% increase in the Sensex. Additionally, the company has a negative book value and a high debt-to-equity ratio, indicating weak long-term fundamentals, which have contributed to the stock's poor performance.
In the broader market context, Spencer's Retail has consistently underperformed against the benchmark indices, with a one-year return of -46.75% compared to the Sensex's decline of only 3.77%. The stock's recent struggles are compounded by falling investor participation, as evidenced by an 18.53% drop in delivery volume compared to the five-day average, and a decrease in institutional investor stakes. This lack of confidence from institutional investors, who typically have more resources to assess company fundamentals, further exacerbates the stock's downward trajectory. Overall, the combination of negative financial indicators and persistent underperformance against the market has led to a decline in Spencer's Retail's stock price.