Why is SPML Infra falling/rising?

As of 25-Jun, SPML Infra Ltd's stock price is currently at Rs 251.25, reflecting an increase of Rs 3.45 or 1.39%. The stock has shown strong performance recently, with a 1-week return of 11.89% and a 1-month return of 35.08%, significantly outperforming the Sensex, which posted a 1-week return of 1.61% and a 1-month return of 1.27%. Today's trading saw the stock reach an intraday high of Rs 260.7, indicating positive momentum. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 48.72% compared to the 5-day average. While the stock has generated impressive returns over the past year and three years, it is also burdened by high debt levels and weak long-term fundamentals, which could impact investor sentiment.
In the broader market context, SPML Infra's recent short-term performance has outpaced the benchmark indices, suggesting a favorable reception among investors despite underlying concerns. The stock's strong returns over the past year, coupled with a significant increase in profits, indicate potential for growth; however, the high debt-to-equity ratio and pledged promoter shares may create downward pressure in adverse market conditions. Overall, while the stock is currently rising, the mixed signals from its financial health and market participation suggest that caution may be warranted moving forward.