Why is Parag Milk Foods falling/rising?

As of 25-Jul, Parag Milk Foods Ltd is currently priced at 250.45, reflecting a decrease of 3.45, or 1.36%. The stock has recently experienced a trend reversal, falling after two consecutive days of gains. It is currently 4.25% away from its 52-week high of Rs 261.1. In terms of performance, the stock has shown a return of 26.75% over the past year, outperforming the BSE500 index significantly in both the long term and near term. However, the stock has seen a decline of 1.90% over the past week, while the Sensex has only decreased by 0.36%. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 28.96% compared to the 5-day average.
In the broader market context, Parag Milk Foods' recent performance contrasts with the benchmark, as it has underperformed in the short term while maintaining strong long-term returns. The stock's valuation remains attractive, trading at a discount compared to its peers, with a return on capital employed (ROCE) of 11.8 and a PEG ratio of 1.1. Despite the recent decline, the company's profits have risen by 23.4% over the past year, indicating solid fundamentals. Overall, while the stock is experiencing a short-term pullback, its long-term performance and valuation metrics suggest it remains a strong investment relative to the market.