Why is Ashika Credit falling/rising?

As of 07-Oct, Ashika Credit Capital Ltd's stock price is currently at 375.60, reflecting an increase of 16.65, or 4.64%. The stock has shown a positive trend recently, gaining 7.39% over the last two days and outperforming its sector by 4.47%. It reached an intraday high of Rs 383.15, indicating strong investor interest. The company reported a significant growth in operating profit of 291.64% and achieved its highest net sales and profit before tax figures in recent quarters. However, despite these positive results, the stock faces challenges due to weak long-term fundamentals, including a negative EBITDA and a declining annual growth rate in operating profit. Additionally, the lack of investment from domestic mutual funds may indicate a lack of confidence in the company's long-term prospects.
In the broader market context, Ashika Credit's short-term performance has outpaced the Sensex, with a 1-week return of +3.99% compared to the benchmark's +2.07%. While the stock has shown resilience in the short term, it has struggled significantly year-to-date with a decline of -54.80%, contrasting sharply with the Sensex's positive return of +4.85%. This divergence highlights the stock's volatility and the potential risks associated with its long-term growth trajectory, despite recent positive movements.