Why is EID Parry falling/rising?

As of 24-Jul, EID Parry (India) Ltd's stock price is rising, currently at Rs 1,192.00, reflecting an increase of Rs 10.0 or 0.85%. The stock has recently hit a new 52-week and all-time high of Rs 1,195.15, and it has outperformed its sector by 1.27%. Over the past two days, the stock has gained 2.6%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 28.5% compared to the 5-day average. The company's low debt-to-equity ratio and high institutional holdings, which have increased by 1.12% over the previous quarter, further support the stock's upward momentum.
In the broader market context, EID Parry's performance over the past week shows a return of +3.50%, while the benchmark Sensex has declined by 0.09%. The stock has demonstrated strong long-term performance, with a 52.41% return over the past year, significantly outperforming the BSE500 index. With a market capitalization of Rs 21,015 crore, EID Parry constitutes a substantial portion of its sector, and its annual sales represent 38.67% of the industry. This strong market position, combined with consistent performance and rising investor confidence, contributes to the stock's positive trajectory.