Why is Parag Milk Foods falling/rising?

As of 11-Sep, Parag Milk Foods Ltd is experiencing a price increase, with the current price at Rs. 271.60, reflecting a rise of 7.45 or 2.82%. The stock has recently hit a new 52-week high of Rs. 273.5 and has outperformed its sector by 2.94%. Over the last two days, it has gained 3.55%, and it is trading above all key moving averages, indicating strong momentum. Additionally, the stock has shown impressive returns, with a 45.20% increase over the past year and a 158.79% rise over the last five years. The company has also seen an increase in institutional investor participation, which has risen by 0.73% in the previous quarter, suggesting growing confidence in its fundamentals.
In the broader market context, Parag Milk Foods has significantly outperformed the benchmark Sensex, which has only increased by 1.03% over the past week and 4.36% year-to-date, compared to the stock's respective gains of 10.72% and 44.28%. This strong performance relative to the market, combined with its attractive valuation metrics such as a ROCE of 11.8 and a PEG ratio of 1.2, supports the stock's upward movement. However, it is worth noting that there has been a decline in delivery volume by 47.48% against the five-day average, which may indicate a potential concern regarding liquidity and investor participation in the near term.