Why is SPML Infra falling/rising?

As of 23-Sep, SPML Infra Ltd is experiencing a decline in its stock price, currently at Rs 266.05, which represents a decrease of 6.7 points or 2.46%. The stock has underperformed its sector today, falling for two consecutive days and accumulating a total decline of 5.72% during this period. It has also seen a significant drop in delivery volume, down 37.77% against the 5-day average, indicating falling investor participation. Over the past year, the stock has generated a return of -6.06%, despite a remarkable increase in profits by 1216.5%. However, the company faces challenges such as high debt levels, with a debt-to-equity ratio of 3.72, and poor long-term growth metrics, including a net sales decline of -12.53% annually over the last five years.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -2.35% compared to the Sensex's -0.34%. While the stock has shown impressive long-term gains of 630.91% over three years and 2846.29% over five years, its recent struggles, including negative financial results and a high percentage of pledged promoter shares (27.11%), contribute to the downward pressure on its price. The combination of weak long-term fundamentals and a current market environment that penalizes high debt companies further exacerbates the stock's decline.