Why is Kaycee Inds. falling/rising?

As of 19-Sep, Kaycee Industries Ltd is experiencing a price increase, with the current price at 1,269.00, reflecting a rise of 29.55 (2.38%). The stock has shown a positive performance today, outperforming its sector by 2.18% and achieving a consecutive gain over the last two days with a total return of 2.71%. Despite this recent uptick, the stock's year-to-date performance remains significantly negative at -22.04%, and it has underperformed over the past year with a decline of -65.13%. The company benefits from a low debt-to-equity ratio and a healthy long-term growth rate in operating profit, which has increased at an annual rate of 40.10%. However, the stock is considered very expensive with a high price-to-book value and a PEG ratio of 5.5, indicating that it is trading at a premium compared to its peers.
In the broader market context, the stock's short-term return of +0.50% over the past week is lower than the benchmark Sensex, which has increased by +0.88%. While the stock has shown some recent gains, its long-term performance is concerning, particularly given its substantial decline over the past year compared to the market's slight negative return of -0.67%. This underperformance highlights the challenges Kaycee Industries Ltd faces in regaining investor confidence, despite its recent positive movements.