Why is SPML Infra falling/rising?

As of 24-Jun, SPML Infra Ltd is currently priced at 247.80, experiencing a decline of 3.2 points or 1.27%. Today's price summary indicates that the stock has underperformed its sector by 2.37% and has reversed its trend after three consecutive days of gains. Despite touching an intraday high of Rs 258.25 earlier in the day, the stock's weighted average price suggests that more volume was traded closer to its low price. Over the past week, SPML Infra has shown a strong return of 9.94%, and a notable 33.23% increase over the past month, although it has a year-to-date decline of 3.20%. The company has demonstrated significant returns over the last year and three years, but it faces challenges such as high debt and weak long-term fundamentals, which may contribute to its current price movement.
In the broader market context, while SPML Infra has outperformed the Sensex over the past week and month, the overall market has shown modest gains of 0.58% and 0.41%, respectively. The stock's high debt levels and poor long-term growth metrics, including a negative annual growth rate in net sales and operating profit over the last five years, raise concerns among investors. Additionally, the pledge of 26.77% of promoter shares may exert further downward pressure in a declining market. These factors, combined with the stock's recent performance and the broader market's stability, suggest that while SPML Infra has had strong historical returns, its current challenges are influencing its price decline.