Why is Parag Milk Foods falling/rising?

As of 01-Jul, Parag Milk Foods Ltd is experiencing a price increase, currently at Rs 223.85, reflecting a rise of 1.9 (0.86%). The stock has shown a positive trend today, having outperformed its sector by 1.55% and reversing a three-day decline. It reached an intraday high of Rs 226.95, indicating strong intraday performance. Over the past week, the stock has risen by 5.32%, and it has also demonstrated impressive long-term returns, with a year-to-date increase of 18.91% and a one-year return of 27.51%. Positive financial results, including significant growth in profit before tax and net sales, along with an attractive valuation compared to peers, have contributed to the stock's upward movement.
In the broader market context, Parag Milk Foods has outperformed the Sensex, which has risen by 2.00% over the past week, while the stock itself has increased by 5.32%. This trend of outperformance is consistent with its historical performance, where it has beaten the BSE500 over various time frames. Despite a recent decline in investor participation, the stock remains liquid enough for trading, and its strong financial metrics, including a low PEG ratio and substantial profit growth, suggest a solid foundation for continued investor interest.