Why is EPL Ltd falling/rising?

As of 22-Sep, EPL Ltd's stock price is currently at 216.35, reflecting a decrease of 3.2 points or 1.46%. The stock has been underperforming, having lost 6.38% over the last 10 days, and it is trading below all its moving averages. In terms of returns, EPL Ltd has seen a decline of 12.53% over the past year, while its profits have increased by 57.2%. Despite positive financial metrics such as a low Debt to EBITDA ratio and strong quarterly results, the stock's performance has been hindered by poor long-term growth and a significant reduction in promoter confidence, with a 24.89% decrease in their stake over the previous quarter.
In the broader market context, EPL Ltd's recent performance contrasts sharply with the Sensex, which has gained 0.46% over the past week. The stock's negative returns of 3.50% over the last week and 8.75% over the last month indicate a troubling trend, especially as it has underperformed the BSE500 in various time frames. This underperformance, coupled with the declining confidence from promoters, suggests that investors may be cautious about the company's future prospects, contributing to the stock's downward trajectory.