Why is Parag Milk Foods falling/rising?

As of 30-Jun, Parag Milk Foods Ltd is currently priced at 221.95, reflecting a decrease of 1.05 or 0.47%. The stock has been underperforming in the sector, with a decline of 2.72% over the last three days. Despite this recent downturn, the stock has shown strong performance over the longer term, with a year-to-date return of 17.90% and a one-year return of 26.61%. Key financial metrics indicate positive growth, with a significant increase in profit before tax and net sales in the latest quarter, suggesting a solid underlying business performance. However, the stock's recent price movement may be influenced by falling investor participation, as evidenced by a 45.95% drop in delivery volume compared to the five-day average.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 5.49% increase over the past week compared to the Sensex's 2.09% rise. While Parag Milk Foods has outperformed the BSE 500 over the longer term, the recent consecutive declines may reflect market corrections or profit-taking after a strong performance. The stock's attractive valuation metrics, including a PEG ratio of 0.7 and a return on capital employed of 11.7, indicate that it remains a hold for investors, despite the recent price drop.