Why is Parag Milk Foods falling/rising?

As of 20-Oct, Parag Milk Foods Ltd is experiencing a price increase, with its current price at Rs 301.60, reflecting a rise of Rs 16.3 or 5.71%. The stock has shown strong performance today, outperforming its sector by 6.15% and reaching an intraday high of Rs 303. Additionally, it is trading above all key moving averages, indicating positive momentum. Over the past week, the stock has gained 8.63%, and year-to-date, it has delivered an impressive return of 60.21%. The company's attractive valuation, with a return on capital employed (ROCE) of 11.8 and a PEG ratio of 1.3, suggests it is trading at a discount compared to its peers, further supporting its upward movement. Moreover, institutional investors have increased their stake, which typically signals confidence in the company's fundamentals.
In the broader market context, Parag Milk Foods has significantly outperformed the benchmark Sensex, which has only risen by 2.47% over the past week. This strong relative performance is indicative of the stock's resilience and appeal among investors. The company's long-term performance is also noteworthy, as it has outperformed the BSE500 over various periods, including the last three years and one year, where it achieved returns of 179.78% and 35.95%, respectively. Despite a slight decline in delivery volume, the overall liquidity remains sufficient for trading, suggesting that investor interest continues to be robust.