Why is Simplex Infra falling/rising?

As of 23-Oct, Simplex Infrastructures Ltd is experiencing a price increase, currently at Rs 278.40, reflecting a rise of 3.05 (1.11%). The stock has shown a positive trend recently, gaining 5.59% over the last five days, and has outperformed its sector by 1.05%. Despite this short-term gain, the stock has a mixed performance over longer periods, with a 1-month decline of 9.92% and a year-to-date drop of 7.20%. The company has faced challenges, including negative results over the last three quarters, with a significant decline in net sales and profits. Additionally, the high debt levels and poor long-term growth prospects, indicated by a negative average Return on Capital Employed (ROCE), contribute to a perception of risk among investors.
In the broader market context, the stock's recent performance has outpaced the Sensex, which has only increased by 1.30% over the past week. However, the stock's long-term performance shows a stark contrast, with a year-to-date decline compared to the Sensex's gain of 8.21%. The high proportion of pledged promoter shares, which has increased recently, adds to the stock's volatility and potential downward pressure in a falling market. Overall, while Simplex Infrastructures Ltd is currently rising, its long-term fundamentals and recent financial performance present significant concerns that could impact future price movements.