Why is Kaycee Inds. falling/rising?

As of 02-Jul, Kaycee Industries Ltd is experiencing a decline in its stock price, currently at 1,380.75, reflecting a decrease of 46.2 points or 3.24%. The stock has underperformed its sector by 2.48% today and has been on a downward trend for the last three days, accumulating a total decline of 6.39%. The stock reached an intraday low of Rs 1350.1, indicating significant selling pressure. Additionally, the stock's performance over the past week shows a decline of 7.08%, while it has generated a return of 7.30% over the past year, outperforming the BSE500. However, the stock's valuation appears high, with a Price to Book Value of 15.1, which may deter some investors.
In the broader market context, the Sensex has shown a positive return of 0.79% over the past week, contrasting with Kaycee Industries' recent struggles. While the stock has generated a return of 1.15% over the past month, it has significantly lagged behind the benchmark's 2.50% return. The decline in investor participation, with delivery volume dropping by 54.95% against the 5-day average, further indicates waning interest in the stock. Despite the company's low debt-to-equity ratio and positive financial results from March 25, the high valuation and recent performance trends suggest that investors may be cautious, contributing to the stock's current downward trajectory.