Why is Lagnam Spintex falling/rising?

As of 17-Sep, Lagnam Spintex Ltd's stock price is currently at 89.34, reflecting an increase of 6.72, or 8.13%. Today's performance indicates that the stock has outperformed its sector by 7.12%, and it is trading above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. The stock has shown a 1-week return of +6.73%, which is a positive sign compared to the Sensex's +1.43%. However, it has struggled over the longer term, with a year-to-date return of -31.52% and a one-year return of -28.75%. The company has an attractive valuation with a return on capital employed (ROCE) of 8.4, but it also faces challenges such as high debt levels and a significant portion of promoter shares being pledged, which can exert downward pressure on the stock.
In the broader market context, Lagnam Spintex's short-term performance has been favorable compared to the benchmark, as it has outperformed the Sensex over the past week. However, the stock's longer-term performance has been disappointing, with negative returns over the past year and three years, indicating a trend of underperformance relative to the broader market. The company's financial health is concerning, with a high debt-to-equity ratio and declining profits, which may hinder its ability to sustain recent gains. Overall, while the stock is experiencing a short-term rise, the underlying fundamentals suggest caution due to its long-term weaknesses.