Why is SPML Infra falling/rising?

As of 13-Jun, SPML Infra Ltd's stock price is rising, currently at 232.00, reflecting an increase of 8.95 (4.01%). The stock has been on an upward trend, gaining for the last six days and achieving a total return of 23.57% during this period. It has outperformed its sector by 4.57% today and is trading above all its moving averages, indicating strong momentum. Additionally, the stock has shown impressive returns over the past year, with a 49.73% increase, while its profits have surged by 638.7%. Despite these positive indicators, the company faces challenges such as high debt levels and weak long-term growth, which could temper investor enthusiasm.
In the broader market context, SPML Infra's recent performance stands in stark contrast to the benchmark, as it has gained 20.21% over the past week while the Sensex has declined by 1.30%. This significant outperformance highlights the stock's strength in the short term. However, the company has a negative year-to-date return of -9.38%, while the Sensex has risen by 3.81% during the same period, suggesting that while SPML Infra is currently experiencing a rally, it has struggled to maintain positive momentum over the longer term. The high debt-to-equity ratio and pledged promoter shares could pose risks that investors need to consider amidst the current price rise.