Why is Parag Milk Foods falling/rising?

As of 28-Aug, Parag Milk Foods Ltd is currently priced at 229.10, reflecting an increase of 1.4 (0.61%). The stock has shown a trend reversal, gaining after four consecutive days of decline, and it outperformed its sector by 1.54% today. The stock reached an intraday high of Rs 235.1, which is a 3.25% increase. Over the past week, however, the stock has decreased by 4.56%, and over the past month, it has fallen by 7.60%. Despite these short-term declines, the stock has generated a return of 17.61% over the past year, with profits rising by 23.4%. The company's attractive valuation, indicated by a Return on Capital Employed (ROCE) of 11.8 and a PEG ratio of 1, suggests that it is trading at a discount compared to its peers.
In the broader market context, the stock's performance has been relatively strong compared to the benchmark, as it has outperformed the Sensex over the last year, three years, and three months. While the Sensex has only increased by 2.48% year-to-date, Parag Milk Foods has risen by 21.70%. However, the stock's recent performance has been impacted by a decrease in investor participation, with delivery volume falling significantly. Additionally, the company faces challenges such as a high Debt to EBITDA ratio of 3.19 times and weak long-term growth metrics, which could affect investor sentiment moving forward.