Why is EID Parry falling/rising?

As of 16-Jul, EID Parry (India) Ltd is experiencing a decline in its stock price, currently at Rs. 1,148.90, which reflects a decrease of Rs. 11.1 or 0.96%. Despite this recent drop, the stock has shown strong performance over the past week, gaining 5.58%, and has outperformed the benchmark Sensex, which fell by 1.08%. The stock hit a new 52-week high of Rs. 1,170.95 earlier today but has underperformed its sector by 0.94%. Additionally, the stock has seen a trend reversal after five consecutive days of gains, and there has been a notable decrease in investor participation, with delivery volume falling by 13.93% against the five-day average. EID Parry's strong long-term performance is highlighted by a 44.36% return over the past year and a significant market cap of Rs. 20,624 crore, which constitutes 27.11% of its sector.
In the broader market context, EID Parry's recent performance contrasts with the Sensex, which has only gained 1.02% over the past month and 5.75% year-to-date, indicating that the stock has been a strong performer relative to the market. The company's low debt-to-equity ratio and high institutional holdings at 26% suggest a solid financial foundation and confidence from larger investors, which may support its long-term growth despite the recent price decline. Overall, while the stock is currently facing a short-term setback, its historical performance and strong fundamentals indicate potential for recovery.