Why is Kaya Ltd falling/rising?

As of 30-Jun, Kaya Ltd's stock price is currently at Rs 436.55, reflecting an increase of Rs 8.55 or 2.0%. The stock has shown strong performance recently, gaining 25.63% over the last six days and outperforming its sector by 1.99% today. It has also outperformed the benchmark Sensex significantly over the past week and month, with returns of +21.26% and +28.08%, respectively. However, despite this recent uptick, the company faces serious challenges, including a negative book value and poor long-term growth, as evidenced by a -10.45% annual decline in net sales over the last five years. The company has reported negative results for the last five consecutive quarters, with a significant drop in net sales and profit after tax, which raises concerns about its long-term viability.
In the broader market context, Kaya Ltd's short-term performance has been notably stronger than the Sensex, which has only increased by 2.09% over the past week. However, the stock has consistently underperformed against the benchmark over the last three years, generating a -1.82% return in the past year compared to the Sensex's +5.79%. Additionally, there is a decline in institutional investor participation, which could signal a lack of confidence among more knowledgeable investors. This combination of short-term gains amidst long-term struggles and decreasing institutional interest presents a complex picture for Kaya Ltd's stock, indicating potential volatility ahead.