Why is SPML Infra falling/rising?

As of 16-Jul, SPML Infra Ltd's stock price is currently at 280.35, reflecting a decrease of 1.15, or 0.41%. The stock has underperformed its sector today by 0.55%, having touched an intraday low of Rs 273.5, which is a decline of 2.84%. Despite this, the stock has shown strong performance over the past week, with a return of 10.46%, and a remarkable 56.10% increase over the past year. However, the company faces challenges, including high debt levels and weak long-term fundamental strength, as evidenced by a significant decline in net sales and operating profit over the last five years. Additionally, 26.77% of promoter shares are pledged, which can exert downward pressure on the stock price in a falling market.
In the broader market context, while SPML Infra has outperformed the Sensex over various time frames, including a 20.76% increase over the past month compared to a 1.02% rise in the benchmark, the recent decline in stock price indicates a potential shift in investor sentiment. The falling delivery volume, which decreased by 28.93% against the five-day average, suggests a reduction in investor participation, further contributing to the stock's downward movement. Despite the company's historical outperformance, the combination of high debt, poor long-term growth, and pledged shares may be causing investors to reassess their positions, leading to the current price decline.