Why is EID Parry falling/rising?

As of 17-Sep, EID Parry (India) Ltd's stock price is currently at 1,093.65, reflecting an increase of 9.15 (0.84%). The stock has shown a positive trend recently, gaining for the last three days with a total return of 2.03% during this period. Despite a decline of 5.87% over the past month, the stock has performed well year-to-date with a return of 22.68%. The company has a low debt-to-equity ratio of 0.02, indicating financial stability, and has reported significant growth in profit before tax and profit after tax, with increases of 96.73% and 169.7%, respectively. Additionally, the company holds the highest cash and cash equivalents in its history at Rs 3,691.01 cr, and institutional holdings have risen by 1.12% over the previous quarter, suggesting strong confidence from larger investors.
In the broader market context, EID Parry's short-term performance has lagged behind the benchmark Sensex, which has increased by 1.56% over the past week. However, the stock has outperformed the sector by 0.68% today, indicating a relative strength despite the overall market conditions. The stock's liquidity remains adequate for trading, although there has been a decrease in delivery volume, which may signal a reduction in investor participation. Overall, while the stock has shown strong long-term performance, its recent short-term movements reflect mixed signals in the context of broader market trends.