Why is SpiceJet falling/rising?

As of 02-Sep, SpiceJet Ltd is currently priced at 35.93, reflecting a slight increase of 0.14 or 0.39%. The stock has outperformed its sector today by 0.46%, although it has shown a decline of 1.70% over the past week and a modest increase of 0.90% over the past month. Despite the positive movement today, the stock has experienced significant underperformance over the longer term, with a year-to-date decline of 35.14% and a one-year drop of 41.54%. Key financial metrics indicate that while the operating profit to interest ratio is the highest at 1.27 times and the debt-equity ratio is at its lowest, the company faces challenges with a negative book value and weak long-term growth, as evidenced by a -15.41% annual rate of net sales growth over the last five years.
In the broader market context, the Sensex has declined by 0.78% over the past week and has shown a slight decrease of 0.55% over the past month, indicating a generally weak market environment. Although SpiceJet's short-term performance has outpaced the benchmark today, the stock's long-term outlook remains concerning due to high debt levels and a significant proportion of pledged promoter shares, which can exert additional downward pressure in falling markets. The stock's negative EBITDA and poor historical performance further contribute to its risky profile, making it a strong sell despite today's minor uptick.