Why is Kaycee Inds. falling/rising?

As of 08-Sep, Kaycee Industries Ltd is experiencing a decline in its stock price, currently at 1,245.75, which reflects a decrease of 4.4 points or 0.35%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.28% during this period. Today's trading saw the stock reach an intraday high of Rs 1,298 but also dip to a low of Rs 1,205. The stock's performance over the past week shows a slight decrease of 0.34%, while its one-year return is significantly negative at -59.09%. Despite a healthy long-term growth rate in operating profit of 40.10%, the stock is perceived as very expensive with a high Price to Book Value of 13.6, contributing to its recent downward movement.
In the broader market context, the stock has underperformed compared to the benchmark Sensex, which has gained 0.53% over the past week. While Kaycee Industries has shown a positive return of 5.98% over the last month, its year-to-date performance remains concerning with a decline of 23.47%. The stock's liquidity appears adequate, but the recent flat results and high PEG ratio of 5.4 indicate that investors may be cautious. The company's low debt-to-equity ratio and majority ownership by promoters could provide some stability, but the significant underperformance relative to the market and the high valuation metrics suggest that the stock's recent price decline may continue.