Why is Maris Spinners falling/rising?

As of 10-Jul, Maris Spinners Ltd is experiencing a price increase, currently at 39.99, reflecting a rise of 2.49 or 6.64%. The stock has shown strong performance today, outperforming its sector by 6.94% and gaining 9.14% over the last two days. It opened with a significant gain of 6.13% and reached an intraday high of Rs 42.8, indicating high investor interest. Additionally, the stock is trading above its moving averages across various timeframes, and there has been a notable increase in delivery volume, suggesting rising investor participation. However, the company faces challenges such as high debt levels and weak long-term growth, which could pose risks to its future performance.
In the broader market context, Maris Spinners has outperformed the Sensex in the short term, with a 1-week return of +7.21% compared to the benchmark's slight decline of -0.06%. While the stock has shown positive returns over the past month and year, its long-term performance remains concerning, with a significant decline over the past three years. Despite recent positive financial indicators, such as higher PAT and ROCE, the company's high debt and negative operating profits raise caution among investors, which could affect its sustainability in the long run.