Why is Eternal Ltd falling/rising?

As of 10-Jul, Eternal Ltd's stock price is currently at 262.80, reflecting a decrease of 1.7, or 0.64%. The stock has experienced a trend reversal, falling after two consecutive days of gains. Despite this recent decline, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Over the past week, the stock has gained 0.81%, and over the past month, it has increased by 2.78%. However, the company has reported negative results, including a significant drop in profit after tax and a high Debt to EBITDA ratio, which raises concerns about its ability to service debt. While there is healthy long-term growth indicated by a 78.50% annual increase in net sales and high institutional holdings, the recent negative operating profits and low debtor turnover ratio contribute to the stock's current downward movement.
In the broader market context, Eternal Ltd's performance over the past year shows a return of 24.43%, significantly outperforming the BSE500, which has only increased by 4.09%. However, the stock's year-to-date performance is less favorable, with a decline of 5.47% compared to the Sensex's gain of 6.46%. This contrast highlights the stock's volatility and the challenges it faces despite its strong historical returns. The recent increase in investor participation, as indicated by a rise in delivery volume, suggests some confidence in the stock, but the overall market sentiment may be tempered by the company's financial struggles and the recent price decline.