Why is SPML Infra falling/rising?

As of 17-Jul, SPML Infra Ltd is experiencing a decline in its stock price, currently at Rs 275.30, which reflects a decrease of 5.05 points or 1.8%. The stock has underperformed its sector by 1.97% today and has been on a consecutive downward trend for the last two days, with a total drop of 2.2%. Despite touching an intraday high of Rs 294 earlier in the day, it also reached a low of Rs 270.25. Over the past month, the stock has shown a strong performance with a 22.14% increase, and it has outperformed the benchmark Sensex over various periods, including a remarkable 461.84% rise over the last three years. However, the company faces challenges such as high debt levels and weak long-term fundamentals, which may contribute to the current price decline.
In the broader market context, SPML Infra's short-term performance has been relatively better than the benchmark, as it has gained 22.14% over the past month compared to the Sensex's 0.83% increase. However, the stock's recent struggles are compounded by a significant drop in investor participation, with delivery volume falling by 53.25% against the five-day average. Additionally, 26.77% of promoter shares are pledged, which can exert further downward pressure in a declining market. While the stock has shown strong long-term returns, the combination of high debt, poor sales growth, and flat quarterly results may be causing investors to reassess its value, leading to the current price decline.