Why is Mishka Exim falling/rising?

As of 30-Sep, Mishka Exim Ltd's stock price is currently at Rs 34.55, reflecting a decline of Rs 1.39 or 3.87%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 6.62% during this period. Today's performance indicates that it underperformed its sector by 3.28%. Additionally, the stock's returns over the past week and month are -4.29% and -3.76%, respectively, while it has significantly underperformed the market over the past year with a return of -46.85%. Despite some positive indicators such as rising promoter confidence, with a 3.9% increase in stake, the overall weak long-term fundamentals, including a low return on equity and poor debt servicing ability, are contributing to the stock's downward trend.
In the broader market context, Mishka Exim's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 2.23% over the past week and has shown a slight gain of 0.57% over the past month. This stark difference highlights the stock's significant underperformance relative to the market. While the company has reported positive quarterly results, the overall sentiment is dampened by its long-term growth challenges and high valuation concerns, leading to a lack of investor confidence despite some short-term positive signals.