Why is EID Parry falling/rising?

As of 29-Sep, EID Parry (India) Ltd's stock price is currently at Rs 1,014.00, reflecting a decrease of Rs 17.5 or 1.7%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total decline of 5.41% during this period. Today's performance indicates that it underperformed its sector by 1.38%, with an intraday low of Rs 1,000.9. Over the past week, the stock has declined by 5.47%, while its year-to-date performance remains positive at 13.75%. Despite its strong fundamentals, including a low debt-to-equity ratio and significant growth in profit before tax and net sales, the stock's recent price movement suggests a lack of investor confidence, as evidenced by a 22.4% drop in delivery volume compared to the five-day average.
Broader market context shows that while the stock has outperformed the broader market over the past year, generating a return of 20.08% compared to the Sensex's decline of 6.08%, it has struggled in the short term. The benchmark index has only fallen by 2.18% over the past week, indicating that EID Parry's recent decline is more pronounced than the overall market trend. This divergence may reflect specific concerns among investors regarding the stock's short-term performance despite its strong long-term fundamentals and high institutional ownership, which typically suggests confidence in the company's prospects.