Why is EID Parry falling/rising?

As of 26-Jun, EID Parry (India) Ltd is experiencing a decline in its stock price, currently at Rs 1,018.00, which reflects a decrease of Rs 44.0 or 4.14%. Despite hitting a new 52-week high of Rs 1,074.45 earlier in the day, the stock has underperformed its sector by 3.2% and has seen a trend reversal after three consecutive days of gains. The stock touched an intraday low of Rs 1,014.3, indicating a significant drop of 4.49%. However, it has shown strong performance over the past year, generating returns of 33.58%, and has outperformed the BSE 500 over various time frames, including 3 years and 1 year. The company maintains a low debt-to-equity ratio of 0.02 and has high institutional holdings at 26%, suggesting confidence from larger investors.
In the broader market context, EID Parry's short-term performance over the past week has been positive, with a return of 6.71%, compared to the Sensex's 2.94%. This indicates that while the stock is currently facing a decline, it has been performing better than the benchmark in the recent past. The stock's liquidity remains strong, with a significant increase in delivery volume, suggesting ongoing investor interest despite the recent price drop. Overall, while the stock is currently falling, its long-term performance and strong fundamentals may provide a buffer against short-term volatility.