Why is Parag Milk Foods falling/rising?

As of 07-Aug, Parag Milk Foods Ltd is experiencing a decline in its stock price, currently at Rs 233.70, which reflects a decrease of Rs 1.1 or 0.47%. The stock has underperformed its sector by 0.46% today, having touched an intraday low of Rs 225.05, marking a drop of 4.15%. Over the past week, the stock has seen a significant decline of 5.63%, although it has shown a positive return of 2.03% over the past month. Year-to-date, the stock has performed well with a gain of 24.14%, and it has also seen impressive returns over the longer term, with a 154.85% increase over the past three years. However, there has been a notable decrease in investor participation, with delivery volume falling by 14.38% compared to the five-day average, which may indicate waning interest among investors.
In the broader market context, the Sensex has decreased by 0.69% over the past week, suggesting that the overall market sentiment is slightly negative. While Parag Milk Foods has outperformed the benchmark in the longer term, its recent short-term performance has lagged behind, indicating potential concerns among investors. The stock remains liquid enough for trading, but the combination of falling investor participation and underperformance relative to the sector today may be contributing factors to its current price decline.