Why is Kiri Industries falling/rising?

As of 01-Aug, Kiri Industries Ltd's stock price is currently at 548.00, reflecting a decline of 1.35 points or 0.25%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total drop of 2.54% during this period. Additionally, Kiri Industries has shown negative returns over the past week and month, with declines of 3.01% and 4.61%, respectively. Despite a strong performance over the past year with a return of 58.70%, the company has reported operating losses and negative results for the last two consecutive quarters, which has raised concerns among investors. The company's weak long-term fundamental strength, highlighted by a poor EBIT to Interest ratio and low profitability, further contributes to the stock's downward movement.
In the broader market context, Kiri Industries has outperformed its sector by 0.8% today, but this is overshadowed by its overall negative performance compared to the benchmark, as the Sensex has only declined by 1.06% over the past week. The stock's liquidity remains adequate, with a delivery volume increase of 33.69% against the five-day average, indicating rising investor participation. However, the high institutional holdings of 25.04% suggest that these investors are closely monitoring the company's fundamentals, which may lead to further scrutiny given the recent poor financial results. Overall, while Kiri Industries has shown strong historical returns, the current operational challenges and negative financial indicators are likely driving the stock's recent decline.