Why is Kaya Ltd falling/rising?

As of 08-Aug, Kaya Ltd's stock price is currently at 428.05, reflecting a decline of 14.85 points or 3.35%. The stock has underperformed its sector by 2.27% today, following a trend reversal after three consecutive days of gains. It opened with a loss of 2.9% and reached an intraday low of Rs 420, which is a drop of 5.17%. Despite this decline, the stock has shown positive performance over the past week and month, with returns of 1.84% and 1.75% respectively. However, it has experienced a significant drop of 21.75% over the past year. Additionally, investor participation has decreased, with delivery volume falling by 1.07% against the five-day average, indicating a potential lack of confidence among investors.
In the broader market context, Kaya Ltd's recent performance contrasts with the Sensex, which has declined by 0.92% over the past week and 4.60% over the past month. While Kaya Ltd has outperformed the benchmark in the year-to-date period with a return of 23.45% compared to the Sensex's 2.20%, the stock's recent downturn suggests a shift in market sentiment. The stock remains liquid enough for trading, but the combination of falling investor participation and a significant drop in price today indicates that market conditions may be weighing heavily on Kaya Ltd's stock performance.