Why is M K Exim India falling/rising?

As of 17-Jul, M K Exim (India) Ltd's stock price is currently at 69.96, reflecting an increase of 3.91, or 5.92%. Today's price performance indicates that the stock opened with a gain of 2.8% and reached an intraday high of Rs 71.89, showcasing a strong upward movement. The stock has outperformed its sector by 5.64% today, and there has been a notable increase in investor participation, with delivery volume rising by 0.79% against the 5-day average. However, the company has faced challenges, including a flat PAT in the last quarter and a relatively high Price to Book Value ratio, which suggests that while the stock is experiencing short-term gains, it may be considered expensive compared to its peers.
In the broader market context, M K Exim's stock has shown a significant short-term return of +11.58% over the past week, contrasting with a decline of -1.12% in the Sensex during the same period. This indicates that the stock is performing well relative to the overall market. Despite a year-to-date decline of -18.59%, the stock's recent performance suggests a recovery trend, driven by healthy operating profit growth and increased trading activity. Nonetheless, the stock's long-term performance remains mixed, with a modest 1-year return of +0.85% compared to the Sensex's +1.91%, highlighting the need for cautious optimism among investors.