Why is EID Parry falling/rising?

As of 15-Sep, EID Parry (India) Ltd's stock price is currently at 1,077.00, reflecting an increase of 5.1 (0.48%). The stock has shown a trend reversal, gaining after two consecutive days of decline. It is performing in line with its sector today, with a delivery volume that has risen by 31.52% compared to the 5-day average, indicating increased investor participation. Despite a 7.30% decline over the past month, the stock has delivered a strong year-to-date return of 20.81% and a remarkable 32.64% return over the past year, outperforming the broader market in both the long and short term. The company maintains a low debt-to-equity ratio and has reported significant growth in profit before tax and profit after tax, alongside the highest cash and cash equivalents in its history, which supports its positive outlook.
In the broader market context, EID Parry's recent performance has been slightly lagging compared to the Sensex, which has gained 1.24% over the past week while EID Parry has only increased by 0.54%. However, the stock's long-term performance remains strong, with substantial gains over 3 years and 5 years, significantly outpacing the benchmark indices. High institutional holdings at 27.12% suggest confidence from more sophisticated investors, which may contribute to the stock's stability and potential for future growth. Overall, while the stock has faced some short-term challenges, its fundamentals and long-term performance indicate a resilient position in the market.