Why is SPML Infra falling/rising?

As of 12-Sep, SPML Infra Ltd's stock price is currently at Rs 284.90, reflecting an increase of Rs 8.2 or 2.96%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it outperformed its sector by 2.21% today. The stock reached an intraday high of Rs 287.2, indicating positive momentum. However, despite a year-to-date return of 11.29% and a significant 621.27% increase over the past three years, the company faces challenges such as high debt levels and weak long-term growth, with net sales declining at an annual rate of -12.53%. Additionally, 27.11% of promoter shares are pledged, which could exert downward pressure in volatile markets.
Broader Market Context: In the short term, SPML Infra's performance has lagged behind the benchmark Sensex, which has gained 1.48% over the past week while the stock has decreased by 2.55%. This underperformance highlights the stock's volatility amid broader market gains. The company's financial struggles, including a significant drop in net sales and operating profit, alongside a high debt-to-equity ratio, contribute to investor caution, despite its recent price increase. The overall market context suggests that while SPML Infra has shown some positive movement today, its long-term fundamentals remain a concern, impacting investor sentiment.