Why is Kaycee Inds. falling/rising?

As of 11-Sep, Kaycee Industries Ltd is experiencing a price increase, with its current price at 1,288.55, reflecting a rise of 48.55 or 3.92%. Today's price summary indicates that the stock has outperformed its sector by 2.39% and has gained after five consecutive days of decline, reaching an intraday high of Rs 1,317. Despite this positive movement, the stock has shown a year-to-date decline of 20.84% and a significant drop of 60.12% over the past year, indicating a challenging performance relative to its historical returns. The company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth with an annual operating profit increase of 40.10%. However, it is trading at a premium compared to its peers, with a high price-to-book value and a PEG ratio of 5.6, which may contribute to investor caution.
In the broader market context, the stock's short-term return of 0.12% over the past week is underperforming the benchmark Sensex, which has increased by 1.03% in the same period. While the stock has shown some recovery today, it has significantly lagged behind the market over the past year, where the BSE500 index has only declined by 2.29%. This stark contrast highlights the stock's struggles despite today's positive movement, suggesting that while there may be short-term gains, the overall sentiment remains cautious due to its long-term underperformance and high valuation metrics.