Why is EID Parry falling/rising?

As of 24-Sep, EID Parry (India) Ltd's stock price is currently at Rs 1,071.75, reflecting an increase of Rs 5.35, or 0.5%. Today, the stock opened with a gain of 3.7% and reached an intraday high of Rs 1,105.9. Despite this positive movement, the stock has underperformed the benchmark over the past week, with a decline of 2.00% compared to the Sensex's drop of 1.18%. However, the stock has shown strong performance over the longer term, with a year-to-date increase of 20.23% and a remarkable 29.91% rise over the past year. The company has a low debt-to-equity ratio of 0.02, strong growth in profit before tax and net sales, and high institutional holdings at 27.12%, indicating confidence from larger investors.
In the broader market context, while EID Parry has outperformed the sector in the long term, its recent short-term performance has been less favorable compared to the benchmark. The stock's recent rise today contrasts with a broader trend of declining investor participation, as evidenced by a 5.33% decrease in delivery volume. Despite this, the stock remains liquid enough for trading, and its significant market capitalization of Rs 18,988 crore positions it as a leader in its sector, accounting for 26.53% of the industry. Overall, while the stock is experiencing a positive day, its recent performance relative to the benchmark and declining trading volume may indicate caution among investors.