Why is Parag Milk Foods falling/rising?

As of 18-Jul, Parag Milk Foods Ltd is experiencing a price increase, currently trading at 255.30, which reflects a rise of 4.15 or 1.65%. The stock has recently hit a new 52-week high of Rs. 258 and has outperformed its sector by 2.31%. Over the last four days, the stock has gained a total of 12.17%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown significant investor interest, with a delivery volume increase of 346.97% compared to the 5-day average. The company has reported strong financial results, with notable growth in profit before tax, profit after tax, and net sales, contributing to its attractive valuation compared to peers.
In the broader market context, Parag Milk Foods has demonstrated impressive returns, with a 1-week increase of 9.10% compared to a decline of 0.90% in the Sensex, and a year-to-date return of 35.62% against the benchmark's 4.63%. This strong performance highlights the stock's resilience and attractiveness in the current market environment. The company's consistent returns over the past three years, along with a favorable PEG ratio of 0.8 and a significant increase in profits, further support the stock's upward trajectory, distinguishing it from the broader market trends.