Why is EID Parry falling/rising?

As of 18-Sep, EID Parry (India) Ltd's stock price is currently at Rs 1,090.40, reflecting a decrease of Rs 3.25 or 0.3%. Today's price summary indicates that the stock opened with a gain of 4.33% but has since fallen after three consecutive days of gains, underperforming its sector by 0.89%. Over the past week, the stock has shown a modest increase of 1.10%, but it has declined by 7.59% over the past month. Despite this recent downturn, the stock has delivered impressive returns year-to-date, up 22.32%, and has outperformed the benchmark over longer periods, including a 34.12% increase over the past year. The company maintains a low debt-to-equity ratio and has shown significant growth in profit before tax and profit after tax, which may support investor confidence despite the recent price drop.
Broader market context reveals that while EID Parry's stock has underperformed in the short term, the broader market, as represented by the Sensex, has increased by 1.80% over the past week. The stock's liquidity remains strong, with rising investor participation indicated by an increase in delivery volume. Additionally, high institutional holdings suggest that knowledgeable investors are confident in the company's fundamentals, which could provide a buffer against the recent price decline. Overall, while the stock is experiencing a short-term setback, its long-term performance remains robust, indicating potential for recovery.