Why is Parag Milk Foods falling/rising?

As of 04-Sep, Parag Milk Foods Ltd is currently priced at 245.30, reflecting a decrease of 0.25 (-0.1%). The stock has recently hit a new 52-week high of Rs.263.5, but it has underperformed its sector by 0.85% today and has experienced a consecutive fall over the last two days, resulting in a total decline of 0.51%. Despite this short-term drop, the stock has shown strong performance over the past year, generating a return of 27.43%, while profits have increased by 23.4%. The company's valuation appears attractive with a return on capital employed (ROCE) of 11.8 and a PEG ratio of 1.1, indicating that it is trading at a discount compared to its peers. Additionally, there has been a notable increase in institutional investor participation, which may provide further support for the stock.
In the broader market context, Parag Milk Foods has outperformed the Sensex, with a 1-week return of 7.07% compared to the benchmark's 0.80%. Over the past month, the stock has also shown a positive return of 2.21%, while the Sensex has declined by 0.37%. This strong performance in both the short and long term suggests that the stock is generally favored by investors, despite the recent minor decline. The liquidity of the stock remains healthy, with a delivery volume increase of 48.24% against the 5-day average, indicating ongoing interest from traders. However, concerns about long-term fundamental strength, such as a high debt-to-EBITDA ratio and slow growth in net sales and operating profit, may be contributing to the recent price fluctuations.