Why is Eternal Ltd falling/rising?

As of 01-Jul, Eternal Ltd's stock price is currently at 261.05, reflecting a decrease of 3.0, or 1.14%. The stock has underperformed its sector by 0.64% today, despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a positive return of 2.33%, and a notable 9.34% increase over the last month. However, the company has reported a significant decline in investor participation, with delivery volume dropping by 44.89% against the 5-day average. While the long-term growth appears healthy with net sales growing at an annual rate of 78.50%, the company faces challenges such as a high Debt to EBITDA ratio and negative operating profits, which contribute to its current stock price decline.
In the broader market context, Eternal Ltd's recent performance has been relatively strong compared to the benchmark, as it has outperformed the Sensex over the past week and month. However, year-to-date, the stock has underperformed with a decline of 6.10%, while the Sensex has gained 7.11%. The stock's high institutional holdings at 67.92% indicate confidence from larger investors, but the negative results reported in March, including a significant drop in profit before tax and a low debtors turnover ratio, raise concerns about its financial stability. Overall, while there are positive growth indicators, the combination of financial difficulties and declining investor participation is contributing to the stock's downward movement.