Why is Parag Milk Foods falling/rising?

As of 27-Jun, Parag Milk Foods Ltd is experiencing a decline in its stock price, currently at 223.00, reflecting a decrease of 1.5 or 0.67%. The stock has been underperforming its sector today, with a performance drop of 1.28%. It has also faced consecutive losses over the past two days, resulting in a total decline of 2.26%. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 26.60% return over the past year and a significant growth in profits, with net sales reaching their highest at Rs 918.25 cr. The company has demonstrated attractive valuation metrics, including a low PEG ratio of 0.7, indicating that it is trading at a discount compared to its peers.
In the broader market context, Parag Milk Foods has outperformed the benchmark Sensex in both the short and long term, with a 5.76% return over the past week compared to the Sensex's 2.00%. However, the recent price drop may be influenced by the stock's underperformance in the short term, despite its strong fundamentals and positive growth indicators. The rising investor participation, as evidenced by an increase in delivery volume, suggests that there is still interest in the stock, which may help stabilize its price in the future. Overall, while the stock is currently facing a decline, its long-term performance remains robust compared to the broader market.