Why is Kaycee Inds. falling/rising?

As of 09-Sep, Kaycee Industries Ltd is experiencing a decline in its stock price, currently at 1,245.00, reflecting a decrease of 0.75 or 0.06%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total decline of 3.34% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Over the past year, Kaycee Industries has underperformed significantly, with a staggering return of -59.92%, despite a 12.7% increase in profits. The company's high Price to Book Value ratio of 13.6 suggests it is trading at a premium compared to its peers, contributing to its negative perception in the market.
In the broader market context, the Sensex has shown a positive return of 1.18% over the past week, contrasting sharply with Kaycee Industries' decline of 2.81% during the same period. This underperformance highlights the stock's struggle to keep pace with the market, which has generated a negative return of -2.87% over the last year. While the company benefits from a low debt-to-equity ratio and healthy long-term growth in operating profit, these positive factors are overshadowed by its expensive valuation and significant underperformance relative to the market.