Why is EID Parry falling/rising?

As of 27-Jun, EID Parry (India) Ltd's stock price is rising, currently at 1,063.10, reflecting an increase of 45.1 or 4.43%. The stock has shown strong performance today, outperforming its sector by 3.94% and reaching an intraday high of Rs 1067.95. It is also close to its 52-week high, just 1.07% away from Rs 1074.45. Over the past week, the stock has gained 11.67%, and it has consistently outperformed the benchmark Sensex in various time frames, including a 41.27% return over the last year. The company maintains a low debt-to-equity ratio of 0.02 times and has high institutional holdings at 26%, indicating strong investor confidence and analytical support for its fundamentals.
Broader Market Context: In comparison to the Sensex, which has risen by 2.00% over the past week, EID Parry's performance is significantly stronger, highlighting its robust market position. The stock's liquidity is also favorable, with a delivery volume that has increased by 64.01% against the 5-day average, suggesting rising investor participation. Overall, EID Parry's market-beating performance, strong fundamentals, and significant market capitalization of Rs 18,098 crore, which constitutes 24.84% of its sector, contribute to its upward price movement.