Why is Parag Milk Foods falling/rising?

As of 21-Aug, Parag Milk Foods Ltd is experiencing a decline in its stock price, currently at Rs 240.05, which reflects a decrease of Rs 5.5 or 2.24%. Today's performance indicates that the stock has underperformed its sector by 1.3%, and it has fallen after three consecutive days of gains. The stock reached an intraday low of Rs 238.6, marking a 2.83% drop. Despite this short-term decline, the stock has shown strong performance over the longer term, with a 27.52% increase year-to-date and a 23.26% rise over the past year. The company has also seen a significant increase in investor participation, with delivery volume rising by 141.31% compared to the five-day average, suggesting ongoing interest despite the current price drop. Additionally, the stock is trading above all its moving averages, indicating a generally positive trend in the longer term.
In the broader market context, Parag Milk Foods has outperformed the benchmark Sensex over various periods, including a 13.18% increase over the past week compared to the Sensex's 1.74% rise. However, the stock's recent underperformance today contrasts with its strong historical returns, which have been bolstered by increasing institutional investor participation, as they have raised their stake by 0.73% in the last quarter. This suggests that while the stock is facing short-term challenges, its fundamentals remain attractive, with a robust return on capital employed and a favorable valuation compared to peers. Overall, the combination of recent profit growth and institutional interest indicates that the stock may have potential for recovery despite its current decline.