Why is Eternal Ltd falling/rising?

As of 28-Aug, Eternal Ltd's stock price is currently at 315.30, reflecting a decrease of 2.5, or 0.79%. The stock has been experiencing a consecutive decline over the past two days, resulting in a total drop of 1.41%. Despite this recent downturn, the stock has shown positive performance over the past month, with a return of 2.64%, and has significantly outperformed the BSE500 over the last year with a return of 24.65%. However, the company faces challenges, including a high Debt to EBITDA ratio, which indicates a low ability to service debt, and negative operating profits, which may contribute to investor concerns. Additionally, while institutional holdings are high at 68.93%, the company reported losses in its latest financial results, which could be affecting investor sentiment.
In the broader market context, Eternal Ltd's short-term performance of -1.97% over the past week is better than the benchmark Sensex, which has declined by 2.34% during the same period. This suggests that while the stock is facing some internal challenges, it is still managing to outperform the market in the short term. The rising investor participation, indicated by a significant increase in delivery volume, may also reflect a level of confidence among some investors despite the recent price drop. Overall, the combination of strong long-term growth potential and recent negative financial results creates a complex picture for Eternal Ltd's stock performance.