Why is Mishka Exim falling/rising?
As of 07-Oct, Mishka Exim Ltd's stock price is Rs 36.89, up 3.22% over three days, but down 30.13% year-to-date. Despite recent gains, investor participation has decreased significantly, and the stock underperforms against the Sensex over longer time frames.
As of 07-Oct, Mishka Exim Ltd's stock price is currently at Rs 36.89, reflecting an increase of Rs 1.15 or 3.22%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 7.39% during this period. Despite opening lower today with a loss of 2.07%, it reached an intraday high of Rs 36.89. However, the stock's delivery volume has significantly decreased by 57.59% compared to the 5-day average, indicating falling investor participation. In terms of performance against benchmarks, the stock has outperformed its sector by 4.7%, but it remains down 30.13% year-to-date and 43.25% over the past year.Broader market context shows that while Mishka Exim has experienced a short-term gain of 6.74% over the past week, the benchmark Sensex has only risen by 2.07% in the same period. This suggests that the stock's recent performance is relatively strong compared to the broader market. However, over longer time frames, such as year-to-date and one-year returns, Mishka Exim significantly lags behind the Sensex, which has gained 4.85% and 1.08%, respectively. This disparity highlights the challenges the company faces in regaining investor confidence despite recent positive movements.
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