Why is Parag Milk Foods falling/rising?

As of 19-Sep, Parag Milk Foods Ltd is currently priced at 294.00, reflecting a decrease of 5.25, or 1.75%. Despite this decline, the stock has shown strong performance over the past week, with a return of 5.62%, and an impressive 27.88% increase over the last month. The stock has also outperformed the BSE500 index over the past year, generating a return of 68.10% compared to the index's decline of 0.67%. Today's trading saw the stock reach a high of Rs 305.9 and a low of Rs 291.65, indicating volatility within the session. Additionally, the stock is trading above its moving averages, and there has been a notable increase in delivery volume, suggesting rising investor participation. The company's attractive valuation, with a return on capital employed (ROCE) of 11.8 and a PEG ratio of 1.3, further supports its potential despite the current price drop.
In the broader market context, while Parag Milk Foods has underperformed its sector by 1.16% today, its long-term performance remains strong, significantly outpacing the benchmark indices over various periods. Institutional investors have increased their stake in the company, indicating confidence in its fundamentals, which may contribute to future price stability and growth. The liquidity of the stock is also favorable, allowing for substantial trading activity. Overall, while the stock is experiencing a short-term decline, its long-term performance and positive investor sentiment suggest that it remains a compelling investment opportunity.