Why is EID Parry falling/rising?

As of 05-Aug, EID Parry (India) Ltd is experiencing a slight increase in its stock price, currently at Rs 1,191.75, reflecting a change of 0.2 (0.02%) upward. The stock has shown a trend reversal, gaining after two consecutive days of decline, and is currently 4.59% away from its 52-week high of Rs 1,246.45. Over the past month, the stock has outperformed the benchmark with a return of +9.05% compared to the Sensex's -3.26%. Additionally, the company boasts a low debt-to-equity ratio of 0.02 times and high institutional holdings at 27.12%, which have increased by 1.12% over the previous quarter, indicating strong confidence from institutional investors.
In the broader market context, while EID Parry has shown positive performance in the long term, its recent short-term performance of -1.64% over the past week contrasts with the Sensex's decline of -0.77%. This suggests that while the stock is currently rising, it has faced some pressure recently. However, its substantial market capitalization of Rs 21,227 crore and significant contribution to the sector, along with high annual sales, position it favorably against broader market trends. The liquidity of the stock remains adequate for trading, despite a recent decline in delivery volume, which may indicate a temporary dip in investor participation.