Why is EID Parry falling/rising?

As of 06-Aug, EID Parry (India) Ltd is experiencing a rise in its stock price, currently at Rs 1,197.50, reflecting an increase of Rs 5.75 or 0.48%. The stock has shown strong performance recently, gaining for the last two days and outperforming its sector by 2.44%. It is currently 4.09% away from its 52-week high of Rs 1,246.45 and has demonstrated impressive returns over various periods, including a 59.14% increase over the past year. The company also boasts a low debt-to-equity ratio, significant growth in profit before tax and profit after tax, and high institutional holdings, which have increased by 1.12% in the last quarter. However, it faces challenges with a high price-to-book value and a decline in profits over the past year.
In the broader market context, EID Parry's short-term performance has been relatively strong compared to the benchmark, as it has outperformed the Sensex, which has declined by 1.15% over the past week while EID Parry has fallen by 2.49%. Despite this recent dip, the stock has shown resilience with a year-to-date return of 34.33%, significantly outperforming the Sensex's 3.08% increase. The sugar sector has faced a downturn, with a 2.07% decline, but EID Parry's strong fundamentals and market position have contributed to its ability to maintain investor interest and liquidity, suggesting a positive outlook despite some market headwinds.