Why is EID Parry falling/rising?

As of the data provided, EID Parry's stock is experiencing a downward movement, with a 1-week return of -1.83% and a 1-month return of -9.46%. Although specific price summary data for today is unavailable, the stock has shown strong performance year-to-date with a return of +19.42% and an impressive +28.44% over the past year. The company's financial health is bolstered by a low Debt to Equity ratio of 0.02 times, significant growth in profit before tax (PBT) and profit after tax (PAT) for the quarter, and a high cash reserve of Rs 3,691.01 crore. Additionally, the stock has high institutional holdings at 27.12%, indicating confidence from sophisticated investors, which has increased by 1.12% over the previous quarter.
In the broader market context, while EID Parry has outperformed the Sensex over the long term, its recent short-term performance has lagged behind the benchmark, which has only declined by 0.34% over the past week. Despite the stock's strong historical performance, the recent declines may reflect market volatility or sector-specific challenges. Nevertheless, EID Parry remains the largest company in its sector, accounting for 26.29% of the industry, and continues to generate substantial sales, which could support a rebound in its stock price moving forward.