Why is Kaycee Inds. falling/rising?

As of 24-Sep, Kaycee Industries Ltd is experiencing a decline in its stock price, currently at 1,225.80, which represents a decrease of 4.35 (-0.35%). The stock has shown a trend reversal by gaining after two consecutive days of decline, although it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has underperformed with a return of -0.79%, while the Sensex fell by -1.18%. Additionally, the stock has seen a significant drop in investor participation, with delivery volume decreasing by 8.18% against the 5-day average. Despite a healthy long-term growth rate in operating profit of 40.10%, the stock's valuation appears expensive with a Price to Book Value of 13.4, and it has underperformed the market significantly over the past year, generating a return of -68.26%.
In the broader market context, while the Sensex has shown a slight positive return of 0.50% over the past month, Kaycee Industries has faced a substantial decline of 10.40% in the same period. This stark contrast highlights the stock's struggles relative to the benchmark. The company's low debt-to-equity ratio and majority ownership by promoters may provide some stability, but the overall sentiment remains negative due to its poor performance over the last year and a high PEG ratio of 5.3, indicating that the stock may be overvalued compared to its earnings growth.