Why is KIOCL falling/rising?

As of 29-Aug, KIOCL Ltd is currently priced at 407.95, reflecting an increase of 2.75 (0.68%). The stock has shown a trend reversal, gaining after four consecutive days of decline, and it outperformed its sector by 0.66%. Despite this positive movement today, the stock has experienced a significant drop of 5.65% over the past week, while it has risen by 21.78% over the past month. However, the company has declared negative results for the last six consecutive quarters, with net sales falling by 38.29% and a negative profit after tax of Rs -74.65 crore, indicating weak long-term fundamental strength. The company's ability to service its debt is also concerning, with a poor EBIT to Interest ratio of 1.64, contributing to its classification as a strong sell.
In the broader market context, KIOCL's recent performance contrasts with the Sensex, which has declined by 1.84% over the past week and 1.88% over the past month. While KIOCL has outperformed the benchmark in the short term, the overall sentiment remains cautious due to the company's ongoing operating losses and low profitability, as reflected in its return on equity of 5.96%. Additionally, the falling investor participation, with a delivery volume decrease of 46.57% against the five-day average, suggests a lack of confidence among investors, which may impact future price movements.