Why is Parag Milk Foods falling/rising?

As of 10-Jul, Parag Milk Foods Ltd is currently priced at 236.45, reflecting a decrease of 0.45 or 0.19%. The stock has recently experienced a trend reversal, falling after two consecutive days of gains. Despite this decline, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. The stock is also close to its 52-week high, just 2.33% away from Rs 241.95. Over the past week, Parag Milk Foods has outperformed the sector by 0.4%, and its performance over the last year shows a return of 32.58%, significantly higher than the benchmark Sensex's 4.09% increase. Positive financial results, including a substantial growth in profit before tax and net sales, contribute to its attractive valuation, although there has been a decline in investor participation, with delivery volume falling by 6.8% against the 5-day average.
In the broader market context, Parag Milk Foods has demonstrated strong performance compared to the Sensex, with a 5.63% increase over the past week while the benchmark has remained nearly flat at -0.06%. The stock's year-to-date return of 25.60% also surpasses the Sensex's 6.46% increase, highlighting its resilience and appeal to investors. Despite the recent minor decline, the stock's long-term performance remains robust, outperforming the BSE500 over various time frames, which may suggest that the current dip could be a temporary adjustment rather than a sign of underlying weakness.