Why is Kaya Ltd falling/rising?

As of 24-Jun, Kaya Ltd's stock price is currently at Rs 381.70, reflecting a rise of Rs 21.7 or 6.03%. The stock has shown strong performance today, outperforming its sector by 5% and achieving a consecutive gain over the last two days with a total return of 9.84%. It opened with a gap up of 5.56% and reached an intraday high of Rs 381.70. Additionally, Kaya Ltd is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, the company faces significant challenges, including a negative book value and poor long-term growth, with net sales declining at an annual rate of -10.45% over the past five years. The company has reported negative results for the last five consecutive quarters, which has contributed to its risky trading status.
In the broader market context, Kaya Ltd has outperformed the Sensex in the short term, with a 1-week return of +10.33% compared to the benchmark's +0.58%. Despite this recent uptick, the stock has underperformed over the past year, generating a return of -23.52% while the broader market has seen a gain of 6.10%. The decline in institutional investor participation, with a decrease of -1.43% in their stakes, further indicates a lack of confidence in the company's fundamentals. While the stock's recent price movement is positive, the underlying financial issues and negative operating profits raise concerns about its long-term viability.