Why is Eternal Ltd falling/rising?

As of 05-Aug, Eternal Ltd's stock price is currently at 302.05, reflecting a decrease of 3.05, or 1.0%. The stock has underperformed its sector today by 0.6% and is 4.09% away from its 52-week high of Rs 314.4. Over the past week, the stock has declined by 1.44%, while it has shown a strong performance over the past month with a return of 15.62%. Despite the recent downturn, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 73.31%. However, it faces challenges due to a high Debt to EBITDA ratio of -1.00 times and reported losses, which have negatively impacted its return on capital employed (ROCE).
In the broader market context, the Sensex has decreased by 0.77% over the past week, indicating that while Eternal Ltd is also experiencing a decline, it is underperforming relative to the benchmark. The stock has shown consistent returns over the last three years, outperforming the BSE500 in each of the last three annual periods. However, the recent negative results reported for June, including a significant drop in profit before tax and a low debtors turnover ratio, contribute to the perception of risk surrounding the stock. The increase in institutional holdings, which now stand at 68.93%, suggests a level of confidence among larger investors, but the overall financial health concerns may be weighing on the stock's price.