Why is EID Parry falling/rising?

As of 14-Jul, EID Parry (India) Ltd is experiencing a price increase, currently at Rs. 1,159.65, reflecting a rise of 5.65 (0.49%). The stock has recently hit a new 52-week and all-time high of Rs. 1,170, and it has outperformed its sector by 1.25%. Over the past four days, the stock has gained 7.49%, indicating strong momentum. Additionally, EID Parry has shown impressive returns, with a 45.26% increase over the past year and a remarkable 111.85% rise over the last three years. The company benefits from a low debt-to-equity ratio and high institutional holdings at 26%, which suggests confidence from knowledgeable investors.
In the broader market context, EID Parry's performance stands out, especially as it has generated a 6.50% return over the past week while the Sensex has declined by 1.42%. This significant outperformance highlights the stock's strength relative to the market. Furthermore, EID Parry's liquidity is favorable, with a delivery volume increase of 85.86% compared to its five-day average, indicating rising investor participation. Overall, the combination of strong financial fundamentals, positive market sentiment, and robust returns has contributed to the stock's upward movement.