Why is Spencer's Retail falling/rising?

As of 20-Oct, Spencer's Retail Ltd is experiencing a decline in its stock price, currently at Rs. 51.72, which reflects a decrease of Rs. 1.62 or 3.04%. The stock has hit a new 52-week low of Rs. 51.47 today and has been on a downward trend for the last 10 days, resulting in a total decline of 12.44% during this period. In terms of performance against benchmarks, the stock has significantly underperformed, with a year-to-date decline of 36.19% compared to a 7.97% increase in the Sensex. The company's fundamentals are concerning, as it has a negative book value, high debt levels, and has reported negative growth in net sales and profit after tax over the past nine months, contributing to its weak long-term outlook.
In the broader market context, the stock's short-term performance is notably poor, with a 5.62% decline over the past week while the Sensex has gained 2.47%. This stark contrast highlights the stock's struggles relative to the overall market. Additionally, there has been a decrease in institutional investor participation, which may indicate a lack of confidence in the company's future prospects. The stock's liquidity is sufficient for trading, but the overall sentiment remains negative due to its underperformance in both the short and long term, further exacerbated by the company's weak financial metrics and declining investor interest.