Why is Maral Overseas falling/rising?

As of 12-Sep, Maral Overseas Ltd is experiencing a price increase, currently at Rs 49.89, which reflects a rise of 1.39 (2.87%). Despite this positive movement today, the stock has shown a significant decline over the past week, down 3.13%, and a staggering 39.88% year-to-date. Today's performance indicates that the stock outperformed its sector by 3.45%, reaching an intraday high of Rs 49.89, although it also touched a low of Rs 47.07 during the day. The stock's trading volume has decreased significantly, with a 75.86% drop in delivery volume compared to the 5-day average, and it is currently trading above its 5-day moving average but below longer-term moving averages. The company faces challenges, including high debt levels and weak long-term fundamentals, which have contributed to its overall poor performance, including a negative PAT and a high debt-to-equity ratio.
Broader market context shows that while Maral Overseas has seen a slight uptick today, it has consistently underperformed against the benchmark, with a return of -36.63% over the last year compared to a -1.28% return for the Sensex. The stock's recent rise does not negate its long-term struggles, as it has underperformed the benchmark in each of the last three annual periods. The high percentage of pledged promoter shares adds to the risk, particularly in a declining market, which could exert additional downward pressure on the stock's price. Overall, while there is a temporary rise in price, the underlying factors suggest a challenging outlook for Maral Overseas Ltd.