Why is Piccadily Agro falling/rising?

As of 30-Jul, Piccadily Agro Industries Ltd is experiencing a price increase, with its current price at 620.50, reflecting a change of 8.65 (1.41%) upward. The stock has shown a positive performance today, outperforming its sector by 2.48%, and has gained consecutively over the last two days, yielding a total return of 2.9% during this period. In the past week, the stock has risen by 2.29%, while over the past month, it has increased by 8.44%. However, despite these recent gains, the stock's year-to-date performance remains negative at -31.78%, and it has underperformed the market over the past year with a decline of -24.88%. The company has shown healthy long-term growth, with an operating profit growth rate of 43.07%, but it also faces challenges such as a high PEG ratio of 3.3 and a very expensive valuation relative to its return on capital employed (ROCE) of 17.4.
Broader Market Context: In the context of the broader market, the stock's short-term return has been favorable compared to the benchmark, as the Sensex has declined by -1.50% over the past week and -2.54% over the past month. However, the stock's significant underperformance over the last year, where it fell by -24.88% against the market's slight gain of 0.03%, raises concerns about its long-term viability. Additionally, the lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence among institutional investors regarding the stock's valuation or business outlook. This mixed performance and investor sentiment contribute to the stock's current volatility and price movement.