Why is EID Parry falling/rising?

As of 25-Jul, EID Parry (India) Ltd is experiencing a decline in its stock price, currently at Rs 1,163.00, which reflects a decrease of Rs 29.0 or 2.43%. Today's price summary indicates that the stock has underperformed its sector by 1.18% and has fallen after two consecutive days of gains, touching an intraday low of Rs 1,163. Despite this decline, the stock remains close to its 52-week high, just 2.76% away from Rs 1,195.15. Over the past year, EID Parry has generated impressive returns of 48.05%, significantly outperforming the BSE500 index in both the short and long term, with a 30.46% increase year-to-date and a remarkable 106.35% rise over three years. The company benefits from a low debt-to-equity ratio and high institutional holdings, which have increased by 1.12% in the previous quarter, indicating strong investor confidence.
In the broader market context, EID Parry's recent performance contrasts with the Sensex, which has seen a slight decline of 0.36% over the past week. While the stock has shown resilience with a 1.65% increase in the last week and a 9.51% rise in the past month, the current dip may reflect a natural correction after a period of gains. The stock's liquidity remains healthy, with a significant increase in delivery volume, suggesting ongoing investor interest despite the recent price drop. Overall, while EID Parry is facing a short-term decline, its strong fundamentals and historical performance position it favorably in the market.