Why is SpiceJet falling/rising?

As of 05-Aug, SpiceJet Ltd's stock price is currently at Rs. 34.06, reflecting a decline of -0.32 or -0.93%. The stock has hit a new 52-week low today and has been on a downward trend, having fallen for the last five consecutive days, resulting in a total return of -9.82% over that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has significantly underperformed its sector by -0.89% today, and its year-to-date performance shows a steep decline of -38.52%, contrasting sharply with the Sensex's gain of +3.29%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, SpiceJet's short-term performance has been notably worse than the benchmark, with a 1-week return of -9.82% compared to the Sensex's decline of only -0.77%. This stark difference highlights the stock's underperformance relative to the market. Over the past month, SpiceJet's return of -14.42% also significantly lags behind the Sensex's -3.26%, further emphasizing the challenges the company is facing in the current market environment.