Why is EID Parry falling/rising?

As of 02-Sep, EID Parry (India) Ltd's stock price is currently at Rs 1,104.55, reflecting a decrease of Rs 20.0 or 1.78%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.72%. Although it opened with a gain of 2.88% today and reached an intraday high of Rs 1,171.45, it also touched a low of Rs 1,100. The stock's performance over the past week shows a decline of 2.20%, and over the past month, it has decreased by 8.21%. Despite these short-term challenges, the company has demonstrated strong long-term growth, with a year-to-date return of 23.90% and a one-year return of 32.73%. The company benefits from a low debt-to-equity ratio and significant growth in profit before tax and profit after tax, indicating solid financial health.
Broader market context shows that EID Parry's recent performance has been weaker compared to the benchmark Sensex, which has declined by only 0.78% over the past week and 0.55% over the past month. The sugar sector has seen a positive movement, gaining 4.66%, which contrasts with EID Parry's struggles. Despite the recent price drop, the stock remains liquid and has seen increased investor participation, with delivery volume rising significantly. The high institutional ownership suggests confidence in the company's fundamentals, which may provide some support against the recent price decline. Overall, while the stock is facing short-term pressures, its long-term performance and financial metrics remain strong.