Why is Eternal Ltd falling/rising?

As of 17-Jul, Eternal Ltd's stock price is currently at 259.75, reflecting a decrease of 2.55, or 0.97%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 4.06% during this period. Despite a positive long-term growth outlook, with net sales increasing at an annual rate of 78.50% and high institutional holdings at 68.93%, the stock is facing challenges. The company has reported significant losses, including a 76.5% drop in PAT for the last quarter, and a high Debt to EBITDA ratio of -1.00 times, indicating a low ability to service its debt. These negative financial indicators, coupled with a decrease in investor participation, have contributed to the stock's recent decline.
In the broader market context, Eternal Ltd's short-term performance has been slightly worse than the benchmark, with a 1-week return of -1.16% compared to the Sensex's -1.12%. However, over the past month, the stock has outperformed the benchmark with a return of 5.03% against the Sensex's 0.83%. Despite this, the overall year-to-date performance shows a decline of 6.56% for Eternal Ltd, contrasting with the Sensex's gain of 5.27%. The stock's liquidity remains adequate for trading, but the recent drop in delivery volume suggests waning investor interest, further complicating its market position.