Why is Parag Milk Foods falling/rising?

As of 23-Sep, Parag Milk Foods Ltd is experiencing a slight decline in its stock price, currently at 290.75, reflecting a decrease of 0.35 or 0.12%. The stock has been under pressure, having fallen for the last three consecutive days, resulting in a total decline of 2.84% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a remarkable increase of 63.21% over the past year and a 54.45% rise year-to-date. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below its 5-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 57.64% compared to the 5-day average, indicating reduced trading activity.
In the broader market context, Parag Milk Foods has outperformed the Sensex in both the short and long term, with a 1-month return of 23.64% compared to the Sensex's 0.98%. This strong performance is supported by increasing participation from institutional investors, who have raised their stake in the company by 0.73% over the previous quarter, now holding 16.1% of the company. The stock's attractive valuation, indicated by a return on capital employed (ROCE) of 11.8 and a PEG ratio of 1.3, suggests that it is trading at a discount compared to its peers. Despite the recent price decline, the fundamentals remain strong, and the stock's long-term performance continues to be favorable, which may contribute to a potential rebound in investor confidence.