Why is Kaya Ltd falling/rising?

As of 03-Nov, Kaya Ltd's stock price is rising, currently at Rs 468.00, reflecting an increase of Rs 21.85 or 4.9%. The stock has shown strong performance recently, gaining 11.3% over the last four days and outperforming its sector by 5.01% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, institutional investors have increased their stake in the company, which may contribute to the stock's upward momentum. However, it is important to note that the company has declared negative results for the last six consecutive quarters, which raises concerns about its long-term growth potential.
In the broader market context, Kaya Ltd has outperformed the benchmark index, with a 1-week return of +9.33% compared to the Sensex's -0.94%. While the stock has generated a return of 14.85% over the past year, significantly higher than the market's 3.92%, its long-term fundamentals remain weak due to a negative book value and declining net sales. This juxtaposition of strong short-term performance against a backdrop of poor long-term financial health creates a complex picture for investors, as the stock's recent rise may not be sustainable in the face of ongoing operational challenges.