Why is Kaya Ltd falling/rising?

As of 03-Jul, Kaya Ltd's stock price is currently at 438.00, reflecting a decrease of 8.0 points or 1.79%. The stock has shown high volatility today with an intraday volatility of 283.69%, and it has underperformed its sector by 2.28%. Despite a strong performance over the past month with a return of 37.71%, the stock has recently experienced a trend reversal after eight consecutive days of gains. The company's fundamentals are concerning, as it has reported negative results for the last five quarters, with net sales and profit after tax both declining by 26.85%. Additionally, the company has a negative book value and weak long-term growth, which has contributed to a decrease in institutional investor participation.
Broader market context indicates that while Kaya Ltd has performed well in the short term, outperforming the Sensex by 4.10% over the past week, its long-term performance remains weak with a one-year return of -3.93% compared to the Sensex's 4.07%. The decline in institutional investor stakes by 1.43% suggests a lack of confidence in the company's future prospects, further impacting its stock price negatively. Overall, the combination of poor financial performance, high volatility, and declining investor participation has led to the current downward movement in Kaya Ltd's stock price.