Why is Simplex Infra falling/rising?

As of 16-Jul, Simplex Infrastructures Ltd is experiencing a price increase, currently at Rs 290.00, which reflects a rise of Rs 16.25 or 5.94%. The stock has shown strong performance today, outperforming its sector by 5.8% and achieving a consecutive gain over the last two days with a total return of 10.5%. Additionally, the stock has touched an intraday high of Rs 294.55, indicating positive momentum. Over the past year, Simplex has generated a remarkable return of 100.21%, significantly outperforming the broader market, which has only returned 0.47%. However, it is important to note that the company faces challenges, including weak long-term fundamentals, a high debt-to-equity ratio, and negative operating profits, which could pose risks despite the recent price increase.
In the broader market context, Simplex Infrastructures has outperformed the Sensex in the short term, with a 1-week return of 6.54% compared to the Sensex's decline of 1.08%. This indicates that investor sentiment towards Simplex is currently more favorable than the overall market. However, the stock's year-to-date performance shows a decline of 3.33%, contrasting with the Sensex's gain of 5.75%, suggesting that while the stock is experiencing a short-term rally, it has struggled to maintain momentum in the longer term. The significant increase in delivery volume also points to rising investor participation, which may further support the stock's upward movement in the near term.