Why is EID Parry falling/rising?

As of 21-Jul, EID Parry (India) Ltd is experiencing a rise in its stock price, currently at Rs 1,164.60, reflecting an increase of Rs 20.5 or 1.79%. The stock has reached a new 52-week and all-time high of Rs 1,179.9 today, outperforming its sector by 2.57%. Over the past week, EID Parry has shown a modest gain of 0.43%, and it has delivered impressive returns of 48.25% over the last year, significantly outpacing the BSE500 index. The company has a low debt-to-equity ratio and high institutional holdings at 26%, which indicates strong confidence from informed investors. Despite a recent decline in delivery volume, the stock remains liquid enough for trading.
In the broader market context, EID Parry's short-term performance of 0.43% over the past week contrasts with the Sensex, which has seen a slight decline of 0.06%. The stock's strong performance is further highlighted by its substantial returns over longer periods, including a 30.64% increase year-to-date and a remarkable 297.14% rise over the past five years, compared to the Sensex's 5.20% increase in the same timeframe. This consistent outperformance suggests that EID Parry is well-positioned within its sector, contributing to its rising stock price amidst a generally stable market environment.