Why is Piccadily Agro falling/rising?

As of 18-Jul, Piccadily Agro Industries Ltd is experiencing a rise in its stock price, currently at Rs 602.40, with an increase of 4.5 (0.75%). The stock has shown a positive trend recently, gaining 3.51% over the last two days and outperforming its sector by 0.88% today. It opened with a gain of 2.02% and reached an intraday high of Rs 610.85. Despite a year-to-date decline of 33.77%, the stock has performed well in the short term, with a 5.15% increase over the past month and a remarkable 1587.39% rise over the last three years. However, the stock's valuation appears expensive with a PEG ratio of 3.2, and domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its current valuation.
Broader market context shows that while the stock has outperformed the Sensex in the short term, it has underperformed over the past year, with a return of -17.23% compared to the market's -0.36%. The recent positive movement in the stock price may be attributed to rising investor participation, as indicated by a significant increase in delivery volume. Additionally, the company has demonstrated healthy long-term growth with an annual operating profit increase of 43.07%. However, the flat results reported in March and the high enterprise value to capital employed ratio suggest caution among investors, contributing to the mixed sentiment surrounding the stock's future performance.