Why is Kaya Ltd falling/rising?

As of 08-Jul, Kaya Ltd's stock price is currently at 420.70, reflecting a decline of 8.55 points or 1.99%. The stock has underperformed its sector today by 2.11% and has experienced a consecutive fall over the last two days, resulting in a total drop of 3.95%. In terms of returns, the stock has seen a significant decline of 30.66% over the past year, while it has gained 24.84% over the last month. The company's financial health is concerning, as it has reported negative results for the last five consecutive quarters, with net sales and profit after tax both decreasing by 26.85%. Additionally, the company has a negative book value and a weak ability to service its debt, which has contributed to its poor long-term growth prospects.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting with Kaya Ltd's decline of 5.51% in the same period. While the stock has been liquid enough for trading, the falling participation from institutional investors, who have reduced their stake by 1.43%, indicates a lack of confidence in the company's fundamentals. This trend is compounded by the stock's high volatility today, which may deter potential investors. Overall, Kaya Ltd's significant underperformance compared to the benchmark and the negative sentiment surrounding its financial stability are key factors contributing to its current price decline.