Why is Parag Milk Foods falling/rising?

As of 08-Aug, Parag Milk Foods Ltd is experiencing a decline in its stock price, currently at Rs 227.50, which reflects a decrease of Rs 6.2 or 2.65%. The stock has underperformed its sector by 1.49% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.11% during this period. Additionally, the stock reached an intraday low of Rs 225.85, indicating a significant decline. Over the past week, the stock has decreased by 4.63%, while its performance over the last month shows a decline of 3.87%. Despite these short-term challenges, the stock has shown strong year-to-date growth of 20.85% and a remarkable increase of 150.00% over the past three years. There is a notable rise in investor participation, with delivery volume increasing by 22.33% compared to the five-day average, suggesting some underlying interest despite the recent price drop.
In the broader market context, the Sensex has also shown a slight decline of 0.92% over the past week, indicating that the market is facing some headwinds. However, Parag Milk Foods' performance has been significantly worse than the benchmark, particularly in the short term. While the stock's long-term returns are impressive compared to the Sensex, the recent underperformance suggests that investors may be reacting to short-term volatility or specific company-related concerns. The liquidity of the stock remains adequate for trading, which may help stabilize its price in the near future.