Why is SpiceJet falling/rising?

As of 12-Sep, SpiceJet Ltd is currently priced at 33.38, reflecting a decline of 0.26, or 0.77%. The stock has underperformed its sector by 1.8% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 3.11%, and it has shown a significant decline of 39.75% year-to-date. The company's financial health is concerning, with a negative book value and a high debt-to-equity ratio. Recent performance metrics indicate a troubling trend, with net sales and profit after tax both experiencing substantial declines, and a low inventory turnover ratio. Additionally, 43.99% of promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, the Sensex has increased by 1.48% over the past week, contrasting sharply with SpiceJet's negative performance. This divergence highlights the stock's struggles relative to the overall market. The company's long-term growth prospects appear weak, as evidenced by a negative annual growth rate in net sales and operating profit over the last five years. The stock's risky trading status, combined with the significant drop in returns over the past year, further underscores its underperformance compared to the benchmark indices.