Why is EID Parry falling/rising?

As of 08-Jul, EID Parry (India) Ltd is experiencing a decline in its stock price, currently at Rs 1,078.85, which reflects a decrease of Rs 10.05 or 0.92%. The stock has been underperforming recently, having fallen for the last three days with a total decline of 2.61%. Today's performance shows that it underperformed its sector by 0.28%, and it reached an intraday low of Rs 1,055, indicating a significant drop of 3.11%. Despite the recent downturn, the stock has shown strong long-term performance, with a 38.94% increase over the past year and a remarkable 313.99% rise over the last five years. The company maintains a low debt-to-equity ratio and high institutional holdings at 26%, which suggests a solid foundation, yet the recent fall in delivery volume by 31.34% compared to the five-day average indicates a decrease in investor participation.
In the broader market context, EID Parry's short-term performance has been less favorable compared to the benchmark, with a 1-week return of -2.81% against a slight increase of 0.02% in the Sensex. While the stock has outperformed the benchmark in the longer term, the recent decline may be attributed to a combination of falling investor interest and market volatility. The liquidity of the stock remains adequate, allowing for trading, but the current trend suggests that investors may be cautious in the short term, impacting the stock's price negatively.