Why is EID Parry falling/rising?

As of 27-Oct, EID Parry (India) Ltd is experiencing a price increase, currently at 1,066.55, reflecting a rise of 28.15 or 2.71%. The stock has shown strong performance today, outperforming its sector by 2.71% and reaching an intraday high of Rs 1077.45, which is a 3.76% increase. Over the past week, the stock has gained 3.60%, while its year-to-date return stands at an impressive 19.64%. The company has demonstrated robust financial health, with significant growth in profit before tax and profit after tax, alongside a low debt-to-equity ratio of 0.02 times. Additionally, high institutional holdings at 28.34% indicate strong investor confidence, further supporting the stock's upward movement.
In the broader market context, EID Parry's recent performance has outpaced the benchmark Sensex, which has only increased by 0.49% over the past week. While the stock's one-month return of 3.40% is lower than the Sensex's 5.41%, its year-on-year return of 39.61% significantly surpasses the market's 6.77%. This indicates that despite some short-term fluctuations relative to the benchmark, EID Parry has maintained a strong overall performance, bolstered by rising investor participation and liquidity, which enhances its trading appeal.