Why is EID Parry falling/rising?

As of 17-Jul, EID Parry (India) Ltd's stock price is currently at 1,151.65, reflecting an increase of 2.75 or 0.24%. The stock is trading close to its 52-week high, just 1.68% away from Rs 1,170.95. It has outperformed its sector by 0.67% today and is trading above all key moving averages, indicating strong momentum. Over the past week, the stock has gained 3.75%, and it has shown impressive returns of 20.98% over the last month and 29.19% year-to-date. Additionally, the company has a low debt-to-equity ratio and high institutional holdings at 26%, which suggests confidence from larger investors in the company's fundamentals. However, there has been a notable decline in investor participation, with delivery volume falling by 29.38% against the 5-day average.
In the broader market context, EID Parry's recent performance stands out as it has significantly outperformed the benchmark Sensex, which has declined by 1.12% over the past week while EID Parry has risen. The stock's long-term performance is also noteworthy, with a 44.71% increase over the past year compared to the Sensex's 1.91%. This strong performance, coupled with its substantial market capitalization of Rs 20,427 crore, positions EID Parry as a leader in its sector, constituting 26.89% of the entire industry. Overall, the combination of strong returns, institutional support, and market leadership contributes to the stock's upward movement despite the recent drop in trading volume.