Why is Piccadily Agro falling/rising?

As of 17-Jul, Piccadily Agro Industries Ltd is experiencing a price increase, with its current price at Rs 597.90, reflecting a rise of Rs 15.9 or 2.73%. Today, the stock outperformed its sector by 3.28%, reaching an intraday high of Rs 617, which is a 6.01% increase. However, despite this positive movement, the stock has shown a year-to-date decline of 34.26% and a one-year return of -19.09%. While the company has demonstrated healthy long-term growth with an annual operating profit increase of 43.07%, it faces challenges such as a high PEG ratio of 3.2 and a very expensive valuation, which may deter investors. Additionally, the stock has seen a decrease in delivery volume, indicating falling investor participation.
In the broader market context, the stock's short-term performance over the past week shows a modest gain of 0.25%, contrasting with the Sensex's decline of 1.12%. Although the stock has outperformed the sector today, it has underperformed the market over the past year, where the BSE500 has generated a return of 0.26%. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence among institutional investors, potentially impacting the stock's price movement negatively. Overall, while there are some positive indicators in the short term, the long-term performance and valuation concerns continue to weigh on investor sentiment.