Why is Eternal Ltd falling/rising?

As of 11-Jul, Eternal Ltd's stock price is currently at 263.30, reflecting an increase of 0.5 (0.19%). The stock has shown positive performance today, outperforming its sector by 2.33%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Over the past week, the stock has gained 0.78%, while it has increased by 2.47% over the past month. Despite a year-to-date decline of 5.29%, the stock has delivered a robust 21.22% return over the last year, significantly outperforming the BSE500 in each of the last three annual periods. However, the company faces challenges, including a high Debt to EBITDA ratio of -1.00 times and reported losses, which contribute to a negative outlook despite healthy long-term growth in net sales.
In the broader market context, the Sensex has declined by 1.12% over the past week and is nearly flat over the past month, reflecting a challenging environment for the IT - Software sector, which has fallen by 2.17%. While Eternal Ltd has shown resilience with its positive returns, the overall market sentiment appears to be cautious, particularly given the company's recent negative financial results, including a significant drop in PAT and low debtor turnover ratio. The high institutional holdings at 67.92% suggest that knowledgeable investors are backing the stock, yet the company's ability to service its debt remains a concern, which could impact future performance.