Why is Mcleod Russel falling/rising?

As of 21-Jul, Mcleod Russel India Ltd's stock price is currently at 38.79, reflecting an increase of 1.81 or 4.89%. The stock has been on an upward trend, gaining for the last six days and achieving a total return of 13.49% during this period. Despite opening with a loss of 2.62% today, it reached an intraday high of Rs 39, indicating strong intraday volatility. The stock has outperformed its sector by 5.36%, and its trading is above all key moving averages, suggesting positive momentum. However, the company faces significant challenges, including a high debt-to-equity ratio of 33.42 times and a negative return on equity, which raises concerns about its long-term financial health.
In the broader market context, Mcleod Russel's short-term performance has significantly outpaced the benchmark Sensex, which has seen a slight decline of 0.06% over the past week, while Mcleod Russel has surged by 12.53%. This contrast highlights the stock's strong market-beating performance over the last year, generating a return of 39.13% compared to the Sensex's 1.98%. However, the company's high debt levels and recent negative financial results, including a decline in net sales and increased interest expenses, pose risks that could impact future performance.