Why is Kiri Industries falling/rising?

As of 28-Aug, Kiri Industries Ltd is experiencing a decline in its stock price, currently at Rs 526.90, which reflects a decrease of Rs 5.3 or 1.0%. The stock has underperformed its sector by 3.28% today, touching an intraday low of Rs 520.45. Over the past week, Kiri Industries has seen a slight decrease of 0.11%, while its performance over the last month shows a decline of 3.71%. Despite a strong annual return of 29.30%, the company has faced challenges with negative results in the last three consecutive quarters, including significant drops in profit before tax and profit after tax. The company’s operating losses and low return on equity indicate weak long-term fundamental strength, contributing to the recent price decline.
In the broader market context, Kiri Industries' short-term performance contrasts with the benchmark Sensex, which has fallen by 2.34% over the past week. While the Dyes & Pigments sector has gained 2.21%, Kiri Industries has not benefited from this upward trend, highlighting its struggles amidst a generally negative market environment. The stock's liquidity remains adequate, but the ongoing negative EBITDA and declining profitability per unit of shareholder funds raise concerns for investors, leading to a cautious outlook on its future performance.