Why is Mirza Internatio falling/rising?

As of 04-Aug, Mirza International Ltd's stock price is currently at 36.35, reflecting an increase of 2.93 or 8.77%. The stock has shown positive momentum recently, outperforming its sector by 8.16% today and achieving a consecutive gain over the last two days with a total return of 9.59%. It opened with a significant gain of 6.22% and reached an intraday high of Rs 38.79, marking a 16.07% increase. However, despite this short-term performance, the company has weak long-term fundamentals, evidenced by a -44.82% CAGR growth in operating profits over the last five years and a return on equity of only 7.04%. Additionally, the stock has underperformed the market over the past year with a return of -21.34%, indicating ongoing concerns about its profitability and valuation.
In the broader market context, Mirza International's recent short-term return of +10.82% over the past month contrasts sharply with the Sensex, which has declined by -2.89% in the same period. This suggests that while the stock is experiencing a temporary rise, it is still facing significant challenges relative to the overall market performance. The stock's long-term underperformance, coupled with low investor participation and a minimal stake from domestic mutual funds, indicates a lack of confidence in its future prospects. Despite the recent gains, the overall sentiment remains cautious due to the company's declining profitability and high valuation compared to its peers.