Why is EPL Ltd falling/rising?

As of 23-Sep, EPL Ltd's stock price is currently at 214.40, reflecting a decrease of 1.3, or 0.6%. The stock has been on a downward trend, having fallen for the last 11 consecutive days, resulting in a total decline of 7.23% during this period. In terms of performance against benchmarks, EPL Ltd has underperformed significantly, with a 1-week return of -3.83% compared to the Sensex's -0.34%, and a year-to-date decline of -17.43% against the Sensex's gain of 5.07%. Despite positive financial indicators such as a low Debt to EBITDA ratio and consistent profit growth over the last four quarters, the stock's performance has been hindered by poor long-term growth rates and decreasing promoter confidence, as promoters have reduced their stake by nearly 25%.
Broader market context shows that EPL Ltd's recent struggles are compounded by a general lack of investor participation, as evidenced by a decline in delivery volume. The stock is trading below all its moving averages, indicating a bearish trend. While the stock has outperformed its sector by 0.65% today, the overall sentiment remains negative due to its substantial underperformance over the past year and three years compared to broader indices. This combination of factors suggests that while there are some positive aspects to the company's financial health, the prevailing trends and market sentiment are leading to a decline in the stock's price.