Why is Parag Milk Foods falling/rising?

As of 14-Jul, Parag Milk Foods Ltd is currently priced at Rs 227.60, reflecting a decrease of Rs 6.4 or 2.74%. The stock has been underperforming recently, having fallen for three consecutive days with a total decline of 3.93%. Today's trading saw the stock reach an intraday low of Rs 226.4, and it has also underperformed its sector by 2.38%. Despite this short-term decline, the stock has shown strong performance over the longer term, with a year-to-date return of 20.90% and a one-year return of 27.15%. Positive factors contributing to its valuation include significant growth in profit before tax and net sales, alongside a favorable PEG ratio of 0.7, indicating that the stock is trading at a discount compared to its peers.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 1.42% over the past week, while Parag Milk Foods has only fallen by 0.63%. This suggests that the stock has been relatively resilient compared to the overall market. However, the falling investor participation, as indicated by a significant drop in delivery volume, may be contributing to the recent price decline. Despite the current downturn, the stock's long-term performance remains strong, outperforming the BSE500 over various time frames, which could indicate potential for recovery as market conditions stabilize.