Why is Eternal Ltd falling/rising?

As of 27-Jun, Eternal Ltd's stock price is currently at 262.15, reflecting a decline of 3.0 points or 1.13%. The stock has recently experienced a trend reversal, falling after seven consecutive days of gains. Despite this drop, it has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend prior to this decline. Over the past week, the stock has outperformed the Sensex with a return of 3.45% compared to the benchmark's 2.00%. However, the company faces challenges, including a high Debt to EBITDA ratio and reported losses, which have contributed to its current price movement.
In the broader market context, while Eternal Ltd has shown strong long-term performance with a 30.98% return over the past year, it has underperformed in the short term, particularly today, where it lagged behind its sector by 0.84%. The company's high institutional holdings suggest confidence from knowledgeable investors, yet the negative operating profits and poor recent financial results raise concerns about its sustainability. Overall, the combination of a recent price drop, high debt levels, and disappointing earnings results has led to a cautious outlook for the stock, despite its historical performance.