Why is EID Parry falling/rising?

As of 08-Sep, EID Parry (India) Ltd is experiencing a decline in its stock price, currently at Rs 1,071.25, which reflects a decrease of Rs 41.05 or 3.69%. The stock has underperformed its sector by 2.27% today and has been on a downward trend for the last three days, resulting in a total decline of 4.68% during this period. The stock touched an intraday low of Rs 1,063 and has seen lower delivery volumes, with a significant drop of 40.56% compared to the five-day average. Despite these short-term challenges, the company has shown strong financial performance, with a notable increase in profit before tax and profit after tax, alongside a healthy cash position and low debt-to-equity ratio, which may support its long-term stability.
In the broader market context, EID Parry's recent performance contrasts with the Sensex, which has gained 0.53% over the past week, while EID Parry has declined by 4.74%. This underperformance in the short term may be attributed to falling investor participation and liquidity concerns, despite the company's strong fundamentals and high institutional holdings. EID Parry has outperformed the BSE500 over the long term, generating a 27.23% return in the past year, indicating that while the stock is currently facing challenges, its overall market position remains robust.