Why is SPML Infra falling/rising?

As of 04-Aug, SPML Infra Ltd's stock price is currently at 287.00, reflecting a decrease of 2.55, or 0.88%. The stock has underperformed its sector today, with a consecutive fall over the last two days resulting in a total decline of 6.61%. Despite this recent downturn, SPML Infra has shown strong performance over the longer term, with a 54.26% increase in the past year and a staggering 673.58% rise over the past three years. However, the company faces significant challenges, including high debt levels and weak long-term fundamental strength, as indicated by a negative growth rate in net sales and operating profit over the last five years. Additionally, 27.11% of promoter shares are pledged, which can exert downward pressure on the stock in a declining market.
In the broader market context, SPML Infra's short-term performance contrasts with the Sensex, which has only increased by 0.16% over the past week. While the stock has outperformed the benchmark in the longer term, its recent decline highlights investor concerns regarding its high debt-to-equity ratio and low profitability, as evidenced by a return on equity of just 1.09%. The stock's liquidity remains adequate for trading, but the combination of poor quarterly results and high promoter pledges may contribute to its current price decline, despite the overall positive long-term returns.