Why is EID Parry falling/rising?

As of 11-Jul, EID Parry (India) Ltd's stock price is rising, currently at 1,154.00, reflecting an increase of 44.0 or 3.96%. The stock has recently hit a new 52-week and all-time high of Rs. 1159.95 and has outperformed its sector by 4.24%. Over the past three days, the stock has gained 6.97%, and it is trading above all key moving averages, indicating strong upward momentum. Additionally, the stock has shown impressive returns, with a 47.71% increase over the past year and a staggering 110.80% over the last three years. The company benefits from a low debt-to-equity ratio and high institutional holdings at 26%, suggesting confidence from larger investors in its fundamentals.
In the broader market context, EID Parry's short-term performance has significantly outpaced the benchmark Sensex, which has declined by 1.12% over the past week while EID Parry has risen by 5.60%. This contrast highlights the stock's strength relative to the overall market. The company's substantial market capitalization of Rs 19,735 crore, which constitutes 26.24% of its sector, along with its robust annual sales, further solidifies its position as a market leader. Overall, the combination of strong performance metrics, rising investor participation, and favorable institutional support contributes to the stock's upward trajectory.