Why is Kaya Ltd falling/rising?

As of 30-Jul, Kaya Ltd's stock price is currently at 424.00, reflecting an increase of 1.5 (0.36%). Despite this slight uptick, the stock has underperformed its sector by 0.6% today and has shown a negative trend over the past week and month, with returns of -3.59% and -3.57%, respectively. The stock is trading above its 50-day, 100-day, and 200-day moving averages but below its 5-day and 20-day moving averages. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 99.77% compared to the 5-day average. The company has also reported negative results for the last five consecutive quarters, with net sales and profit after tax both declining by 26.85% in the latest six months, indicating weak long-term fundamental strength.
In the broader market context, Kaya Ltd has underperformed compared to the benchmark, with a one-year return of -29.30% against the BSE500's -2.34%. This stark contrast highlights the company's struggles, particularly given its negative book value and poor long-term growth, as evidenced by a -10.45% annual decline in net sales over the past five years. The lack of investment from domestic mutual funds, which hold 0% of the company, further suggests a lack of confidence in its future performance. Overall, while there is a minor increase in stock price today, the underlying fundamentals and market sentiment indicate significant challenges ahead for Kaya Ltd.