Why is Piccadily Agro falling/rising?

As of 02-Jul, Piccadily Agro Industries Ltd is experiencing a decline in its stock price, currently at Rs 603.45, which reflects a decrease of Rs 18.25 or 2.94%. Today's performance indicates that the stock has underperformed its sector by 2.96%, with an intraday low of Rs 601.25. Although the stock has shown positive returns over the past week and month, with increases of 4.22% and 5.54% respectively, it has significantly underperformed over the year, generating a return of -16.08%. The company has healthy long-term growth prospects, as evidenced by an annual operating profit growth rate of 43.07%. However, the stock's valuation appears expensive with a high enterprise value to capital employed ratio, and domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its current price.
In the broader market context, while the BSE500 has generated a return of 3.11% over the past year, Piccadily Agro's performance has been notably weaker, contributing to its negative returns. The stock's recent decline can be attributed to flat results reported in March and a high PEG ratio of 3.2, suggesting that despite profit growth, the stock may be overvalued. Additionally, the significant increase in delivery volume indicates rising investor participation, but the overall sentiment remains cautious due to the stock's underperformance relative to the market and its peers.