Why is Parag Milk Foods falling/rising?

As of 25-Aug, Parag Milk Foods Ltd's stock price is currently at Rs 230.50, reflecting a decline of Rs 4.65 or 1.98%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 6.13% during this period. Today's trading saw the stock reach an intraday low of Rs 229.85, and it has underperformed its sector by 1.85%. While the stock has shown a positive return of 1.74% over the past week, it has experienced a significant drop of 7.97% over the past month. Despite a strong year-to-date performance of 22.44%, the stock's recent movement is influenced by a decrease in investor participation, as evidenced by a 36.85% drop in delivery volume compared to the five-day average.
In the broader market context, the Sensex has increased by 0.45% over the past week, indicating that the stock's short-term performance is lagging behind the benchmark. Although institutional investors have increased their stake in Parag Milk Foods, suggesting confidence in its long-term potential, the company's weak long-term fundamentals, including a low Return on Capital Employed (ROCE) and high Debt to EBITDA ratio, raise concerns. Additionally, the stock's valuation appears attractive compared to peers, but the recent flat results and declining sales growth may be contributing to the current downward pressure on the stock price.