Why is Mcleod Russel falling/rising?

As of 19-Aug, Mcleod Russel India Ltd is experiencing a price increase, currently trading at 38.90, which reflects a rise of 0.57 or 1.49%. The stock has shown a positive performance today, gaining for the last two consecutive days with a total return of 5.71% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 101.69% compared to the 5-day average. Despite this positive movement, the company faces challenges due to high debt levels, as indicated by a Debt-Equity Ratio of 33.42 times and a negative Return on Equity (ROE), which may impact long-term investor confidence.
In the broader market context, Mcleod Russel's short-term return of 5.88% over the past week significantly outperforms the Sensex, which has only increased by 1.76% during the same period. This strong performance in the near term contrasts with the company's year-to-date return of -11.67%, which underlines the volatility and potential risks associated with the stock. While the company has outperformed the BSE500 in the last year and three years, the high debt levels and recent financial losses present a cautionary backdrop that investors must consider despite the current upward price movement.