Why is SpiceJet falling/rising?

As of 25-Aug, SpiceJet Ltd's stock price is currently at 35.72, reflecting a slight increase of 0.08 or 0.22%. Despite this minor uptick, the stock has shown a mixed performance recently, with a 10.90% increase over the past week, but a significant decline of 6.66% over the past month. The stock is currently trading above its 5-day and 20-day moving averages, yet it remains below its 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 22.71% against the 5-day average. The company is facing challenges, including a negative book value and a weak long-term growth outlook, as evidenced by a 46.46% decline in returns over the past year, despite a significant rise in profits.
In the broader market context, SpiceJet's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has shown a modest increase of 0.45% over the past week. The stock's long-term outlook is concerning, with a high debt-to-equity ratio and a significant portion of promoter shares pledged, which adds downward pressure in a falling market. The company's weak fundamentals, indicated by poor sales growth and negative EBITDA, further contribute to its risk profile. Overall, while there was a slight uptick in the stock price recently, the underlying factors suggest a challenging environment for SpiceJet, leading to a cautious outlook among investors.