Why is Maral Overseas falling/rising?

As of 17-Sep, Maral Overseas Ltd's stock price is currently at Rs 50.16, reflecting an increase of Rs 3.56, or 7.64%. Today's performance indicates that the stock has outperformed its sector by 6.63% and has experienced a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 52.78, showcasing significant volatility with a wide trading range of Rs 6.18. However, despite today's positive movement, the stock has underperformed over the past month, with a decline of 17.31%, and has shown a substantial year-to-date drop of 39.55%. The company's high debt levels, with a debt-to-equity ratio of 4.13 times, and negative quarterly results, including a PAT of Rs -12.57 crore, contribute to a perception of risk, further complicating its recovery.
Broader market context shows that while Maral Overseas has gained 1.79% over the past week, the benchmark Sensex has increased by 1.56% during the same period, indicating a slight outperformance. However, the stock's long-term performance remains concerning, with a 34.86% decline over the past year compared to a minor drop of 0.46% for the Sensex. This consistent underperformance against the benchmark, coupled with high promoter share pledges and weak long-term fundamentals, suggests that while there may be short-term gains, the overall outlook for Maral Overseas remains precarious.