Why is EID Parry falling/rising?

As of 30-Jun, EID Parry (India) Ltd's stock price is rising, currently at Rs. 1,109.50, reflecting an increase of Rs. 46.4 or 4.36%. The stock has recently hit a new 52-week and all-time high of Rs. 1,125.5, showcasing a strong performance today with a 5.87% intraday increase. Over the past two days, the stock has gained 8.99%, outperforming its sector by 4.51%. Additionally, EID Parry has demonstrated impressive returns over various periods, including a 45.31% increase over the last year and a remarkable 300.54% rise over the past five years. The company also maintains a low debt-to-equity ratio of 0.02 and high institutional holdings at 26%, indicating strong investor confidence and capability in analyzing the company's fundamentals.
In the broader market context, EID Parry's short-term performance significantly outpaces the benchmark, with a 14.35% return over the past week compared to the Sensex's 2.09%. This trend of outperformance is consistent, as the stock has also surpassed the benchmark over the last month and year-to-date. The company's substantial market capitalization of Rs. 18,900 crore, which constitutes 25.54% of its sector, along with its annual sales accounting for 38.67% of the industry, further solidifies its position as a market leader. The rising investor participation, evidenced by a 47.84% increase in delivery volume, coupled with favorable moving averages, suggests a robust demand for the stock, contributing to its upward price movement.