Why is Simplex Infra falling/rising?

As of 08-Sep, Simplex Infrastructures Ltd is experiencing a price increase, currently at Rs 306.00, reflecting a rise of Rs 5.7 or 1.9%. The stock has shown strong performance recently, gaining 6.05% over the last two days and outperforming its sector by 1.88% today. It has also maintained a solid upward trend, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated impressive returns of 76.78%, significantly outperforming the BSE500 index over the same period. However, it is important to note that the company has reported negative results for the last three consecutive quarters, with a significant decline in net sales and profits, which raises concerns about its long-term fundamental strength.
In the broader market context, Simplex Infrastructures Ltd's short-term return of 0.33% over the past week is slightly below the benchmark Sensex, which has increased by 0.53%. Despite this, the stock's performance over the last month shows a gain of 8.13%, compared to the Sensex's 1.16%, indicating a stronger relative performance in the near term. The company's high debt levels and negative operating profits present risks that could affect future price movements, despite its recent gains. Overall, while the stock is currently rising, the underlying financial challenges could pose significant risks moving forward.