Why is EPL Ltd falling/rising?

As of 24-Sep, EPL Ltd's stock price is currently at Rs 211.50, reflecting a decrease of Rs 3.1 or 1.44%. The stock has been on a downward trend, having underperformed its sector by 1.37% today and experiencing a consecutive fall for the last 12 days, resulting in a total decline of 8.48% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite the company declaring positive results over the last four quarters, including an 86.61% growth in PAT, the stock's long-term growth prospects appear weak, with net sales and operating profit growing at rates of only 8.47% and 7.70% respectively over the last five years. Furthermore, a significant reduction in promoter stake by 24.89% raises concerns about future confidence in the business.
In the broader market context, EPL Ltd has underperformed the Sensex, with a 1-week return of -5.09% compared to the benchmark's -1.18%. The stock's year-to-date performance shows a decline of 18.54%, while the Sensex has gained 4.58%. This stark contrast highlights the challenges EPL Ltd faces in attracting investor confidence, especially as its delivery volume has decreased by 43.02% against the 5-day average, indicating falling investor participation. Overall, the combination of poor long-term growth, reduced promoter confidence, and significant underperformance relative to the market contributes to the stock's current downward trajectory.