Why is EID Parry falling/rising?

As of 04-Sep, EID Parry (India) Ltd's stock price is currently at 1,121.70, reflecting a decrease of 2.1 points or 0.19%. Despite this decline, the stock has shown resilience in the long term, with a year-to-date return of 25.83% and a one-year return of 34.40%. However, today's performance indicates a slight underperformance compared to the sector, with a delivery volume that has fallen by 18.02% against the five-day average. The stock remains liquid enough for trading, but it is currently below its 20-day and 50-day moving averages, which may indicate some short-term weakness. The company's low debt-to-equity ratio and significant growth in profit before tax and profit after tax suggest strong fundamentals, which could support the stock's price in the long run.
In the broader market context, EID Parry's short-term performance over the past week has been slightly better than the benchmark Sensex, with a return of 0.70% compared to the Sensex's 0.80%. However, the stock's one-month performance shows a decline of 5.86%, contrasting with the Sensex's minor drop of 0.37%. The high institutional ownership at 27.12% indicates confidence from larger investors, which may provide stability. Despite the recent price drop, the company's strong cash position and market-leading status in its sector suggest that it could recover, especially given its historical outperformance against broader market indices over longer periods.