Why is SPML Infra falling/rising?

As of 15-Jul, SPML Infra Ltd's stock price is currently at 281.50, reflecting an increase of 18.65 or 7.1%. Despite opening the day with a loss of 4.36%, the stock rebounded to touch an intraday high of Rs 282.8, indicating strong volatility with a wide trading range of Rs 31.4. Over the past week, the stock has outperformed the benchmark Sensex, with a return of 19.25% compared to the Sensex's decline of 1.36%. Additionally, SPML Infra has shown impressive long-term performance, generating a return of 65.05% over the last year, significantly outperforming the BSE500. However, the company faces challenges such as high debt levels and weak long-term growth, with net sales declining at an annual rate of 14.89% over the last five years, which may temper investor enthusiasm.
In the broader market context, while SPML Infra's short-term performance has been strong, the overall market sentiment appears mixed, as indicated by the Sensex's recent decline. The stock's ability to outperform the sector by 6.73% today suggests that it is attracting interest despite broader market pressures. However, the falling investor participation, with a significant drop in delivery volume, raises concerns about sustainability. The high debt levels and pledged promoter shares could exert downward pressure on the stock in a falling market, indicating that while the stock is currently rising, underlying fundamentals may pose risks that could affect its future performance.