Why is Maris Spinners falling/rising?

As of 18-Jul, Maris Spinners Ltd is experiencing a price increase, with its current price at Rs 40.77, reflecting a rise of 1.27 (3.22%). The stock has shown strong performance today, outperforming its sector by 4.06% and has been on a consecutive gain for the last two days, accumulating a total return of 7.26% during this period. It opened with a significant gain of 15.06% and reached an intraday high of Rs 45.45. However, despite this positive movement, there are concerns regarding the company's long-term fundamentals, as it has a high debt level and has shown poor growth in operating profit over the past five years. The stock's performance is also impacted by a significant drop in delivery volume, indicating falling investor participation.
In the broader market context, Maris Spinners has outperformed the Sensex in the short term, with a 1-week return of +1.04% compared to the benchmark's -0.90%. Over the past month, the stock has risen by 10.76%, while the Sensex has only increased by 0.38%. This indicates that, despite the company's underlying challenges, the stock is gaining traction in the market, likely driven by recent positive financial results and investor sentiment. However, the high volatility and the company's weak long-term fundamentals suggest that caution may be warranted for potential investors.