Why is Mishka Exim falling/rising?

As of 15-Jul, Mishka Exim Ltd's stock price is currently at Rs 34.78, reflecting a significant increase of 5.78, or 19.93%. The stock has shown strong performance recently, gaining 27.54% over the last three days and outperforming its sector by 18.75% today. It opened with a notable gain of 20% and reached an intraday high of Rs 34.8. Despite this positive movement, the stock has a weak long-term fundamental strength, evidenced by an average Return on Equity (ROE) of 0.82% and a poor EBIT to Interest ratio of -0.17. However, rising promoter confidence, with an increase in their stake by 3.16% to 54.87%, suggests a belief in the company's future potential, which may be contributing to the recent price rise.
In the broader market context, Mishka Exim's short-term performance has been impressive, with a 1-week return of +24.88%, while the benchmark Sensex has declined by 1.36% during the same period. This stark contrast highlights the stock's strong relative performance in the short term. However, it is important to note that the stock has underperformed on a year-to-date basis, with a decline of 34.13% compared to the Sensex's increase of 5.67%. This mixed performance indicates that while the stock is experiencing a temporary surge, its long-term outlook remains uncertain, influenced by its weak fundamentals and fluctuating investor participation.