Why is Parag Milk Foods falling/rising?

As of 27-Oct, Parag Milk Foods Ltd is experiencing a price increase, currently at Rs. 317.20, reflecting a rise of Rs. 15.8 or 5.24%. The stock has recently hit a new 52-week high of Rs. 319 and has shown strong performance, gaining 6.03% over the last two days. It has outperformed its sector by 5.4% today and is trading above its moving averages across various time frames. Despite a decline in investor participation, as indicated by a 52.92% drop in delivery volume, the stock's attractive valuation, with a return on capital employed (ROCE) of 11.8 and a PEG ratio of 1.4, supports its upward movement. Additionally, the stock has generated a remarkable 64.65% return over the past year, significantly outpacing its peers.
In the broader market context, Parag Milk Foods has outperformed the Sensex, which has only increased by 0.49% in the past week, while the stock itself has risen by 5.17%. Over the past month, the stock's return of 17.70% also surpasses the Sensex's 5.41% increase. This consistent outperformance over various time frames, including a 194.66% rise over three years, highlights the stock's strong market position and investor confidence, contributing to its recent price rise.