Why is SPML Infra falling/rising?

As of 22-Jul, SPML Infra Ltd's stock price is rising, currently at 287.35, reflecting an increase of 8.35 or 2.99%. The stock has shown strong performance recently, gaining 6.66% over the last two days and outperforming its sector by 3.64% today. Over the past week, SPML Infra has increased by 2.08%, and it has delivered impressive returns of 64.20% over the last year, significantly outperforming the BSE500 index. However, despite these positive short-term movements, the company faces challenges such as high debt levels and weak long-term fundamental strength, with net sales declining at an annual rate of -14.89% over the past five years.
Broader Market Context: In the context of the broader market, SPML Infra's recent performance contrasts sharply with the Sensex, which has seen a decline of 0.47% over the past week. The stock's ability to generate substantial returns in both the short and long term, alongside its current upward price movement, indicates strong investor interest despite underlying concerns regarding its financial health. The stock's liquidity remains adequate for trading, but the high percentage of pledged promoter shares could pose risks in a falling market, potentially impacting investor sentiment moving forward.