Why is EID Parry falling/rising?

As of 09-Sep, EID Parry (India) Ltd is experiencing a slight decline in its stock price, currently at Rs 1,070.20, reflecting a decrease of 1.05 points or 0.1%. The stock has been on a downward trend for the past four days, with a total return of -4.77% during this period. Despite touching an intraday high of Rs 1,096.35, the stock has underperformed against the benchmark Sensex over the past week and month, with returns of -3.11% and -4.04%, respectively. However, it has shown strong performance year-to-date with a gain of 20.05% and a remarkable 26.50% increase over the past year. The company maintains a low debt-to-equity ratio and has reported significant growth in profit before tax and profit after tax, alongside a strong cash position, which supports its overall financial health.
In the broader market context, while EID Parry has outperformed the sector in the long term, its recent short-term performance has lagged behind the Sensex, which has gained 1.18% over the past week. The stock's liquidity remains adequate, with increased delivery volume indicating rising investor participation, despite the recent price decline. High institutional holdings at 27.12% suggest confidence from more sophisticated investors, which could provide stability. Overall, while the stock has shown strong fundamentals and long-term growth, its recent price movement reflects short-term market pressures and a correction following previous gains.