Why is EID Parry falling/rising?

As of 10-Sep, EID Parry (India) Ltd's stock price is currently at Rs 1,086.00, reflecting an increase of Rs 15.8 or 1.48%. Today's price summary indicates that the stock has reversed a four-day decline, opening with a gain of 2.69% and reaching an intraday high of Rs 1,098.95. The stock has outperformed its sector by 0.39% today, and there has been a notable rise in investor participation, with delivery volume increasing by 3.87% compared to the five-day average. Despite a recent dip over the past week and month, the stock has shown strong performance year-to-date with a 21.82% increase and a remarkable 28.96% rise over the past year, significantly outperforming the broader market indices.
In the broader market context, while EID Parry's short-term performance has been negative, with a 3.36% decline over the past week compared to a 1.06% gain in the Sensex, its long-term performance remains robust. The company boasts a low debt-to-equity ratio and impressive growth in profit before tax and profit after tax, indicating strong financial health. Additionally, high institutional holdings suggest confidence from knowledgeable investors, further supporting the stock's upward movement today. Overall, the combination of a trend reversal, solid financial fundamentals, and increased investor interest has contributed to the stock's rise despite recent short-term challenges.