Why is EID Parry falling/rising?

As of 11-Sep, EID Parry (India) Ltd's stock price is currently at 1,078.55, reflecting a decrease of 7.45 points or 0.69%. The stock has underperformed its sector today by 1.86%, and while it remains higher than the 100-day and 200-day moving averages, it is below the 5-day, 20-day, and 50-day moving averages. Over the past week, the stock has declined by 3.85%, and over the past month, it has decreased by 6.07%. However, it has shown strong performance year-to-date with a 20.99% increase and a remarkable 31.53% rise over the past year. The company has a low debt-to-equity ratio and has reported significant growth in profit before tax and profit after tax, indicating strong financial health. Additionally, high institutional holdings suggest confidence in the company’s fundamentals.
In the broader market context, EID Parry's recent performance contrasts with the Sensex, which has increased by 1.03% over the past week and 1.17% over the past month. This indicates that while EID Parry has been experiencing a decline, the overall market is performing positively. The stock's liquidity remains adequate, with a notable increase in delivery volume, suggesting rising investor participation despite the recent price drop. The company's substantial market cap and its dominance in the sector, accounting for 27.41% of the industry, further emphasize its strong position, even as it faces short-term challenges reflected in its recent price movement.