Why is SPML Infra falling/rising?

As of 24-Sep, SPML Infra Ltd's stock price is currently at 261.00, reflecting a decline of 5.65, or 2.12%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 7.51%. In the past week, the stock has decreased by 3.32%, and over the past month, it has seen a decline of 5.78%. Despite a significant increase in profits over the past year, the stock has generated a negative return of 12.22%. The company's high debt levels, with a debt-to-equity ratio of 3.72, and poor long-term growth metrics, including a decline in net sales and operating profit, contribute to its negative performance. Additionally, 27.11% of promoter shares are pledged, which can exert further downward pressure in a falling market.
In the broader market context, SPML Infra's recent performance contrasts with the benchmark Sensex, which has only declined by 1.18% over the past week. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume indicates falling investor participation. While the stock is trading at a discount compared to its peers, the overall weak long-term fundamentals and high debt levels overshadow these positives, leading to a bearish sentiment among investors.