Why is Eternal Ltd falling/rising?

As of 29-Jul, Eternal Ltd's stock price is currently at Rs 306.45, reflecting a decrease of -0.75 (-0.24%). The stock has been experiencing a downward trend, having fallen for the last three days with a total decline of -1.9% during this period. Despite this recent drop, the stock has shown strong performance over the longer term, with a 1-month return of +16.90% and a year-to-date return of +10.23%. However, the company is facing challenges, including a high Debt to EBITDA ratio of -1.00 times and negative operating profits, which have contributed to its recent price movement. Additionally, the stock's delivery volume has significantly decreased by -75.11% against the 5-day average, indicating falling investor participation.
In the broader market context, Eternal Ltd has outperformed the Sensex, which has declined by -1.03% over the past week while the stock itself has gained +2.20%. This suggests that despite the recent price drop, the stock has been more resilient compared to the overall market. The company's strong institutional holdings at 68.93% and consistent returns over the past three years, generating +35.06% returns in the last year, reflect a positive long-term outlook. However, the recent negative financial results, including a significant drop in profit before tax and a low debt servicing ability, pose risks that may be influencing the current price decline.