Why is Kaycee Inds. falling/rising?

As of 22-Jul, Kaycee Industries Ltd is experiencing a slight increase in its stock price, currently at 1,320.00, reflecting a change of 4.0 (0.3%) upward. Today's price summary indicates that the stock has outperformed its sector by 1.64% and has gained after two consecutive days of decline. However, it opened with a loss of 2.12%, touching an intraday low of Rs 1288.1. Over the past week, the stock has shown a minimal increase of 0.03%, while it has significantly underperformed over the last month with a decline of 13.26%. The company has a low debt-to-equity ratio and reported positive financial results in March, with record net sales and profits, but it is trading at a premium compared to its peers, which raises concerns about its valuation.
Broader market context shows that while the stock has faced a substantial decline of 20.69% over the past year, the benchmark Sensex has generated a positive return of 2.09% during the same period. This stark contrast highlights the stock's underperformance relative to the broader market, despite the company's profits increasing by 30.7%. The stock's recent price movement may be influenced by its liquidity, which is deemed sufficient for trading, but the falling investor participation, as indicated by a decrease in delivery volume, suggests a lack of strong buying interest. Overall, while there are some positive indicators, the stock's valuation concerns and recent performance trends contribute to a cautious outlook.