Why is Eternal Ltd falling/rising?

As of 08-Jul, Eternal Ltd's stock price is rising, currently at 263.55, reflecting an increase of 4.9 or 1.89%. The stock has shown strong performance today, outperforming its sector by 1.62% and reaching an intraday high of Rs 264.1. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 49.62% compared to the 5-day average. Over the past year, the stock has generated a return of 26.77%, significantly outperforming the BSE500, although it has a high Debt to EBITDA ratio and reported losses, which could pose risks to its future performance.
In the broader market context, Eternal Ltd's short-term return of +0.96% over the past week contrasts with the Sensex's minimal gain of +0.02%, indicating that the stock is performing well relative to the benchmark. However, the stock's year-to-date performance shows a decline of 5.20%, while the Sensex has risen by 7.13%, suggesting that despite recent gains, the stock has faced challenges in the longer term. The high institutional holdings at 67.92% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals. Nonetheless, the company's ability to service debt remains a concern, which could impact investor sentiment moving forward.