Why is Kaycee Inds. falling/rising?

As of 15-Jul, Kaycee Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,319.60, reflecting a decrease of Rs 8.0 or 0.6%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 4.72% over that period. Today's performance indicates that it underperformed its sector by 1.1%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains above the 100-day moving average. Despite positive quarterly results showing significant increases in net sales and profits, the stock's valuation appears expensive with a Price to Book Value of 14.4, and it has underperformed the market over the past year, generating a return of -14.18%.
In the broader market context, the Sensex has shown a decline of only 1.36% over the past week, indicating that Kaycee Industries Ltd's short-term performance is significantly worse than the benchmark. While the market has generated positive returns of 5.67% year-to-date, Kaycee Industries has seen a substantial decline of 18.93% in the same timeframe. This stark contrast highlights the stock's struggles relative to the overall market, further exacerbated by falling investor participation and liquidity issues, as evidenced by a decrease in delivery volume. Overall, the combination of high valuation, recent poor performance, and underwhelming market comparisons contribute to the stock's downward trajectory.