Why is EID Parry falling/rising?

As of 22-Sep, EID Parry (India) Ltd's stock price is currently at 1,075.00, reflecting an increase of 7.9, or 0.74%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 1.29% today, and there has been a notable increase in investor participation, with delivery volume rising by 154.4% compared to the 5-day average. Despite a decline of 8.58% over the past month, the stock has demonstrated strong long-term performance, with a year-to-date return of 20.59% and a one-year return of 29.60%. The company's low debt-to-equity ratio, significant growth in profit before tax and profit after tax, and high cash reserves contribute positively to its recent stock movement. Additionally, the increase in institutional holdings suggests confidence from larger investors.
In the broader market context, EID Parry's short-term performance has lagged behind the benchmark Sensex, which has gained 0.46% over the past week, while EID Parry has decreased by 0.19%. However, the stock has outperformed the Sensex over longer periods, including a 29.60% return in the last year compared to the benchmark's decline of 2.82%. This indicates that while the stock may be experiencing short-term volatility, its long-term fundamentals and market position remain strong, supporting a positive outlook despite recent fluctuations.