Why is Parag Milk Foods falling/rising?

As of 04-Jul, Parag Milk Foods Ltd is experiencing a price increase, with its current price at Rs 231.55, reflecting a rise of Rs 7.7 or 3.44%. The stock has shown strong performance recently, gaining 3.53% over the last two days and is currently trading close to its 52-week high, just 2.25% away from Rs 236.75. It has outperformed its sector by 2.86% today and is trading above all key moving averages, indicating positive momentum. Additionally, the company has reported impressive financial results, with significant growth in profit before tax and net sales, contributing to a favorable valuation compared to its peers.
In the broader market context, Parag Milk Foods has outperformed the Sensex, with a 1-week return of +3.83% compared to the benchmark's -0.74%. Over the past year, the stock has generated a return of 26.46%, significantly higher than the Sensex's 4.23%. This strong performance is supported by the company's attractive valuation metrics, including a low PEG ratio of 0.8, and consistent profit growth, which has helped maintain investor interest despite a recent decline in delivery volume. Overall, the stock's upward movement is bolstered by its solid financial performance and favorable comparisons to market benchmarks.