Why is EID Parry falling/rising?

As of 21-Aug, EID Parry (India) Ltd's stock price is currently at 1,169.90, reflecting an increase of 16.3 points or 1.41%. The stock has shown a positive trend, gaining for the last two days with a total return of 1.91% during this period. It has outperformed its sector by 1.49% today. Despite a decrease in delivery volume by 44.11% against the 5-day average, the stock remains liquid enough for trading. Over the past year, EID Parry has generated a return of 43.38%, significantly outperforming the benchmark Sensex, which only increased by 1.35%. The company's strong financials, including a low debt-to-equity ratio and substantial growth in profit before tax and profit after tax, contribute positively to its stock performance. However, the stock is considered expensive with a high price-to-book value, and its profits have seen a decline of 11.7% over the past year.
In the broader market context, EID Parry's short-term performance has been relatively stable, with a 0.25% increase over the past week, while the Sensex has risen by 1.74% during the same period. This indicates that while EID Parry is performing well, it is slightly lagging behind the benchmark in the short term. Nonetheless, the company's long-term performance is impressive, with a 31.24% increase year-to-date and a remarkable 308.63% rise over the past five years, showcasing its resilience and strong market position. The high institutional holdings further suggest confidence in the company's fundamentals, which may support continued interest from investors despite some recent profit declines.