Why is Eternal Ltd falling/rising?

As of 02-Jul, Eternal Ltd's stock price is currently at 259.80, reflecting a decrease of 1.25, or 0.48%. The stock has underperformed its sector by 0.57% today and has experienced consecutive declines over the last two days, totaling a drop of 1.61%. While the stock has shown a positive return of 7.67% over the past month and an impressive 24.28% over the past year, it is important to note that it has a negative year-to-date return of 6.55%. The company has a high institutional holding of 67.92%, which typically indicates confidence from knowledgeable investors, but it also faces significant challenges, including a high Debt to EBITDA ratio and reported losses, which contribute to its current price decline.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has risen by 0.79% over the past week and 6.75% year-to-date. This indicates that while Eternal Ltd has shown some resilience over the longer term, its short-term performance is lagging behind the market benchmark. The declining investor participation, as evidenced by a 58.6% drop in delivery volume compared to the 5-day average, further suggests a lack of confidence among investors, which may be exacerbated by the company's negative operating profits and poor recent financial results.