Why is EID Parry falling/rising?

As of 07-Jul, EID Parry (India) Ltd is experiencing a decline in its stock price, currently at Rs 1,088.90, which reflects a decrease of Rs 3.95 or 0.36%. The stock has underperformed its sector by 1.48% today and has been on a consecutive downward trend for the last two days, resulting in a total loss of 1.71% over that period. Despite reaching a new 52-week high of Rs 1,137.55 earlier in the day, the stock's performance has been mixed, with a significant drop in delivery volume, which fell by 32.43% against the 5-day average. However, the company maintains a strong long-term performance, with a 43.55% return over the past year and a market-leading position in its sector, supported by high institutional holdings at 26%.
In the broader market context, EID Parry's short-term performance has lagged behind the benchmark, with a 1-week return of -1.86% compared to the Sensex's -0.20%. While the stock has shown impressive long-term growth, outperforming the BSE500 over various time frames, the recent decline may be attributed to reduced investor participation and a temporary pullback after hitting a high. The company's low debt-to-equity ratio and significant market capitalization further indicate its stability, but the recent price movement suggests a cautious sentiment among investors in the short term.