Why is Mishka Exim falling/rising?

As of 18-Jul, Mishka Exim Ltd's stock price is currently at 39.09, reflecting a rise of 4.59 or 13.3%. The stock has shown strong performance today, outperforming its sector by 13.83% and gaining 17.39% over the last two days. It opened with a gain of 4.35% and reached an intraday high of Rs 40.28. Over the past week, the stock has surged by 37.64%, while its one-month return stands at 39.61%. Positive factors contributing to this rise include strong quarterly results, with the highest PBDIT, PBT, and PAT recorded, alongside increased promoter confidence as they raised their stake by 3.9%. However, concerns about long-term fundamental strength persist, given the low average Return on Equity and weak debt servicing ability.
In the broader market context, while the stock has been performing well, the benchmark Sensex has seen a slight decline of 0.90% over the past week. This indicates that Mishka Exim's recent gains are notable, especially as the stock has managed to generate an 11.62% return over the past year, contrasting with the negative returns of the broader market. Despite these positive short-term movements, the stock's long-term outlook remains uncertain due to its weak financial fundamentals and high valuation metrics compared to its peers.