Why is Piccadily Agro falling/rising?

As of 22-Jul, Piccadily Agro Industries Ltd is experiencing a price increase, currently at Rs 604.00, reflecting a rise of 13.65 or 2.31%. The stock has shown positive performance today, outperforming its sector by 1.93%, and reached an intraday high of Rs 605.9. Over the past week, the stock has gained 3.68%, and in the last month, it has risen by 6.62%. However, despite these short-term gains, the stock has underperformed over the year with a decline of 12.72%. The company has reported healthy long-term growth, with operating profit increasing at an annual rate of 43.07%, but it also faces challenges such as a high PEG ratio of 3.2 and a very expensive valuation relative to its return on capital employed.
Broader market context indicates that while the stock has shown positive short-term returns, it has significantly underperformed compared to the benchmark, with the Sensex declining by 0.47% over the past week and 0.27% over the past month. The broader market has generated a return of 0.99% over the last year, contrasting sharply with Piccadily Agro's negative return of -12.72%. Additionally, the lack of investment from domestic mutual funds, which hold 0% of the company, may reflect a lack of confidence in its current valuation or business prospects, further contributing to the stock's mixed performance in the market.