Why is SPML Infra falling/rising?

As of 14-Jul, SPML Infra Ltd is experiencing a decline in its stock price, currently at 262.85, which reflects a decrease of 14.25 points or 5.14%. Today's price summary indicates that the stock has underperformed its sector by 4.7% and has fallen after three consecutive days of gains, reaching an intraday low of Rs 259.25. Despite a strong long-term performance, with a 50.16% return over the past year and significant gains over the last three years, the company faces challenges such as high debt levels and weak long-term fundamentals, including a decline in net sales and operating profit. Additionally, 26.77% of promoter shares are pledged, which can exert downward pressure on the stock in a falling market.
In the broader market context, SPML Infra's short-term performance contrasts with the benchmark, as it has gained 10.86% over the past week while the Sensex has decreased by 1.42%. However, the stock's volatility today, with an intraday fluctuation of 5.15%, suggests uncertainty among investors. The liquidity of the stock remains adequate for trading, but the company's high debt-to-equity ratio and poor return on equity indicate underlying financial weaknesses that may be contributing to the current decline in stock price.