Why is Eternal Ltd falling/rising?

As of 09-Jul, Eternal Ltd's stock price is currently at 264.50, reflecting an increase of 0.95 or 0.36%. The stock has shown positive momentum, having outperformed its sector by 1.11% today, and it has gained 2.26% over the last two days. In terms of returns, the stock has risen by 1.81% over the past week and 2.98% over the past month, while it has delivered a substantial 24.47% return over the past year. However, despite these positive indicators, the company faces challenges such as a high Debt to EBITDA ratio of -1.00 times, indicating a low ability to service debt, and negative operating profits, which could raise concerns among investors. Additionally, the company has reported losses and a significant drop in PAT for the last quarter, which may affect investor sentiment.
In the broader market context, Eternal Ltd's recent performance has been notably stronger than the Sensex, which has only increased by 0.15% over the past week and 1.32% over the past month. This outperformance highlights the stock's relative strength in a generally stable market environment. However, the stock's year-to-date performance shows a decline of 4.86%, contrasting sharply with the Sensex's gain of 6.91%, suggesting that while the stock is currently rising, it has faced significant challenges earlier in the year. The high institutional holdings at 67.92% may provide some stability and confidence in the stock's long-term growth potential, especially given its healthy net sales growth of 78.50% annually, but the recent negative financial results could temper enthusiasm among retail investors.