Why is SPML Infra falling/rising?

As of 29-Jul, SPML Infra Ltd is experiencing a price increase, currently at 291.25, reflecting a rise of 11.55 or 4.13%. The stock has shown a strong performance recently, gaining 8.53% over the last two days and outperforming its sector by 2.41% today. Despite opening with a loss of 2.84%, it reached an intraday high of Rs 292.45. Over the past week, SPML Infra has returned 1.36%, and over the last month, it has significantly outperformed the benchmark Sensex, with a return of 16.27% compared to the Sensex's decline of 3.24%. However, the company faces challenges, including high debt levels and weak long-term fundamentals, as evidenced by a decline in net sales and operating profit over the past five years.
Broader Market Context: The stock's recent performance contrasts sharply with the broader market, as it has outperformed the Sensex in both the short and long term, generating a 47.92% return over the past year while the Sensex has remained nearly flat. This strong performance may be attributed to its market-beating returns over various periods, despite concerns regarding its financial health, such as a high debt-to-equity ratio and a significant portion of promoter shares being pledged. These factors could lead to volatility in the stock's price, especially in a falling market, but the current upward movement suggests that investors are responding positively to its recent gains and overall performance relative to the benchmark.