Why is Kaycee Inds. falling/rising?

As of 05-Sep, Kaycee Industries Ltd is experiencing a decline in its stock price, currently at 1,250.15, which reflects a decrease of 36.85 or 2.86%. The stock has underperformed its sector by 2.46% today and has been on a downward trend for the last two days, accumulating a total loss of 2.94%. Over the past week, the stock has shown a minimal increase of 0.01%, but it has significantly underperformed over the past year with a return of -58.12%. Despite a healthy long-term growth rate in operating profit of 40.10%, the stock's valuation appears very expensive with a Price to Book Value of 13.7, contributing to investor concerns. Additionally, while the company has a low debt-to-equity ratio, the flat results reported in June and a high PEG ratio of 5.4 indicate potential overvaluation, which may be influencing the stock's recent price movement.
In the broader market context, the stock's performance over the last year has been notably worse than the benchmark, with the BSE500 index showing a decline of only 4.41%. This stark contrast highlights the stock's significant underperformance, which may be discouraging investors. Although there has been a rise in investor participation, as evidenced by an 18.25% increase in delivery volume, the overall sentiment remains negative due to the stock's consecutive falls and its current trading below several moving averages. The combination of these factors suggests that while there may be some positive indicators, the prevailing concerns about valuation and recent performance are leading to the stock's decline.