Why is Kaycee Inds. falling/rising?

As of 22-Sep, Kaycee Industries Ltd is experiencing a decline in its stock price, currently at 1,226.00, which reflects a decrease of 25.05 or 2.0%. The stock has underperformed its sector by 1.38% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 1210, indicating a drop of 3.28%. Over the past week, the stock has decreased by 1.99%, and it has shown a significant decline of 66.97% over the past year, despite a 12.7% increase in profits during the same period. The stock is trading below all its moving averages, which suggests a bearish trend, and while there has been a slight increase in investor participation, the overall sentiment remains negative due to the stock's expensive valuation and poor performance relative to its peers.
In the broader market context, the Sensex has shown a positive return of 0.46% over the past week, contrasting sharply with Kaycee Industries' decline. The stock's performance over the last year is particularly concerning, as it has significantly underperformed the market, which saw a decline of only 3.80%. The company's high Price to Book Value ratio and a PEG ratio of 5.3 indicate that it is trading at a premium compared to its historical valuations, which may deter investors. Despite healthy long-term growth in operating profit, the combination of flat results, high valuation metrics, and substantial underperformance relative to the market has contributed to the stock's downward movement.