Why is EID Parry falling/rising?

As of 04-Jul, EID Parry (India) Ltd is experiencing a decline in its stock price, currently at Rs 1,092.85, which reflects a decrease of Rs 14.95 or 1.35%. Despite this recent drop, the stock has shown strong performance over various time frames, with a 1-year return of 43.56% and a 3-year return of 110.10%, significantly outperforming the broader market indices. However, today's performance indicates that the stock has underperformed its sector by 1.41%, and there has been a notable decrease in investor participation, with delivery volume falling by 35.04% compared to the 5-day average. The stock remains liquid enough for trading, and it is currently trading above all its moving averages, suggesting a generally positive long-term trend.
In the broader market context, EID Parry's recent performance contrasts with the Sensex, which has seen a slight decline of 0.74% over the past week. While the stock has outperformed the benchmark in the long term, the recent dip may be influenced by the falling investor participation and a slight underperformance today. The company's low debt-to-equity ratio and high institutional holdings indicate a solid financial foundation, which could support its price in the long run. Nonetheless, the current market dynamics and reduced trading volume may be contributing to the recent price decline.