Why is EID Parry falling/rising?

As of 16-Sep, EID Parry (India) Ltd's stock price is currently at 1,084.50, reflecting an increase of 7.5, or 0.7%. The stock has shown a positive performance today, outperforming its sector by 0.88% and has been on a consecutive gain for the last two days, accumulating a total return of 1.18% during this period. Over the past year, the stock has delivered a robust return of 29.45%, significantly outperforming the BSE500 index over the same timeframe. The company also boasts a low debt-to-equity ratio of 0.02 times, strong profit growth with a 96.73% increase in profit before tax and a remarkable 169.7% growth in profit after tax, alongside the highest cash and cash equivalents recorded at Rs 3,691.01 cr. Additionally, high institutional holdings at 27.12% indicate strong confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, EID Parry's short-term performance over the past week shows a return of +1.34%, which is slightly below the Sensex's return of +1.58%. However, the stock's year-to-date performance of +21.66% significantly outpaces the Sensex's +5.43%, highlighting its strong position relative to the market. The company's substantial market capitalization of Rs 19,152 cr, which constitutes 26.77% of its sector, and its impressive annual sales of Rs 33,585.50 cr, accounting for 41.03% of the industry, further solidify its market leadership and investor confidence, contributing to the recent rise in stock price.