Why is Maris Spinners falling/rising?

As of 29-Aug, Maris Spinners Ltd is experiencing a price increase, currently at Rs 39.40, reflecting a rise of 1.4 (3.68%). The stock has shown a positive trend today, outperforming its sector by 4.38% and reversing a four-day consecutive decline. It opened with a gain of 5% and reached an intraday high of Rs 39.9. However, despite this short-term gain, the stock has underperformed over the past month, with a return of -1.50%, and has generated a significant negative return of -18.14% over the past year. The company faces challenges, including high debt levels and weak long-term growth, with a debt-to-equity ratio of 2.46 times and poor quarterly results, which may contribute to investor caution despite today's positive movement.
In the broader market context, Maris Spinners' short-term performance contrasts with the benchmark, as it has gained 1.03% over the past week while the Sensex has declined by 1.84%. This indicates that the stock is currently outperforming the market in the short term. However, the longer-term picture remains concerning, as the stock has consistently underperformed against the benchmark over the last three years, with a staggering -40.26% return compared to the Sensex's +37.67%. This persistent underperformance, combined with the company's high debt and negative operating profits, suggests that while there may be short-term gains, the overall outlook remains risky and uncertain.