Why is Kaycee Inds. falling/rising?

As of 11-Jul, Kaycee Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,334.40, reflecting a decrease of Rs 34.6 or 2.53%. The stock has been on a downward trend, losing 3.25% over the last three days and opening with a loss of 2.15% today. It reached an intraday low of Rs 1,307, which is a drop of 4.53%. Despite a rise in investor participation, with delivery volume increasing by 56.01% against the 5-day average, the stock has underperformed significantly over the past year, generating a return of -9.72% compared to the Sensex's positive return of 3.26%. The company's valuation appears expensive with a Price to Book Value of 14.6, and while profits have increased by 30.7%, the stock's PEG ratio of 2.3 suggests it may not be a favorable investment at this time.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a 1-week return of -3.44% compared to the Sensex's -1.12%. This underperformance is indicative of a lack of investor confidence, particularly given the stock's high valuation relative to its peers and the overall market. The company's low Debt to Equity ratio and positive quarterly results may not be sufficient to offset the negative sentiment surrounding its recent price movements and valuation concerns.