Why is Parag Milk Foods falling/rising?

As of 28-Oct, Parag Milk Foods Ltd is currently priced at 316.80, reflecting a decrease of 0.4 or 0.13%. Despite this slight decline, the stock has shown strong performance in the past week and month, with returns of 4.43% and 17.55%, respectively. The stock recently hit a new 52-week high of Rs. 323.95, indicating positive momentum. However, it has experienced a trend reversal, falling after two consecutive days of gains. The stock is trading above its moving averages across various time frames, and there has been a significant increase in investor participation, with delivery volume rising by 199.42% compared to the 5-day average. The company's attractive valuation metrics, including a return on capital employed (ROCE) of 11.8 and a PEG ratio of 1.4, suggest that it is trading at a discount to its peers, which may support its long-term growth prospects.
In the broader market context, Parag Milk Foods has outperformed the Sensex, which only gained 0.24% over the past week, while the stock increased by 4.43%. This demonstrates its strong relative performance in the market. Additionally, the stock has consistently outperformed the BSE500 over various time frames, including the last three years and one year, where it generated a return of 62.67%. This performance, combined with the company's rising profits and favorable valuation, indicates that while there may be short-term fluctuations, the stock remains a strong performer in the long term.