Why is Maris Spinners falling/rising?

As of 17-Jul, Maris Spinners Ltd is experiencing a price increase, with the current price at Rs 39.50, reflecting a change of Rs 1.49 or 3.92%. Today's price summary indicates that the stock has outperformed its sector by 3.64% and has gained after three consecutive days of decline, reaching an intraday high of Rs 39.98. Despite this positive movement, the stock has shown mixed performance over various periods, with a 1-week decline of 1.23% and a 1-year return of -1.00%. Positive factors contributing to the stock's recent rise include strong financial results from March 25, with the highest return on capital employed (ROCE) at 8.30% and net sales reaching Rs 44.93 crore. However, the company also faces challenges, such as high debt levels and negative operating profits, which have led to a significant decline in operating profit growth over the past five years.
In the broader market context, Maris Spinners' short-term performance has been slightly better than the benchmark, with a 1-month return of +10.96% compared to the Sensex's +0.83%. However, the stock has consistently underperformed against the benchmark over the last three years, which raises concerns about its long-term viability. The recent increase in price may be a temporary reaction to positive quarterly results, but the underlying issues of high debt and weak long-term fundamentals suggest caution for investors. The falling investor participation, indicated by a significant drop in delivery volume, further complicates the outlook for the stock.