Why is EID Parry falling/rising?

As of 09-Jul, EID Parry (India) Ltd is experiencing a price increase, currently at 1,088.15, which reflects a rise of 9.3 or 0.86%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It is currently 4.54% away from its 52-week high of Rs 1,137.55 and has outperformed its sector by 1.2% today. Over the past month, the stock has increased by 12.64%, significantly outperforming the Sensex, which only rose by 1.32%. With a market cap of Rs 19,182 crore, EID Parry is the largest company in its sector, holding 25.71% of the entire market share, and has demonstrated strong long-term performance with a 40.02% return over the past year.
In the broader market context, while EID Parry has shown a decline of 1.63% over the past week, it has significantly outperformed the benchmark Sensex, which has only increased by 0.15% in the same period. The stock's liquidity is adequate, with a delivery volume increase of 22.28% compared to the 5-day average, indicating rising investor participation. The company's low debt-to-equity ratio and high institutional holdings at 26% suggest strong fundamentals, which may contribute to investor confidence and support the stock's upward movement. Overall, EID Parry's recent performance and market position reflect a positive outlook despite short-term fluctuations.