Why is Eternal Ltd falling/rising?

As of 18-Sep, Eternal Ltd's stock price is currently at Rs. 337.90, reflecting an increase of Rs. 9.7 or 2.96%. The stock has recently hit a new 52-week and all-time high of Rs. 338.65, and it has outperformed its sector by 2.26%. Over the past four days, the stock has shown a consecutive gain, rising by 5.12%. In terms of returns, the stock has performed well, with a year-to-date increase of 21.55% and a one-year return of 22.54%. However, it is important to note that despite these positive movements, the company has a high Debt to EBITDA ratio of -1.00 times and has reported losses, which could be concerning for investors.
Broader market context indicates that Eternal Ltd has outperformed the Sensex, which has only increased by 1.80% over the past week, while Eternal Ltd's stock has risen by 3.00%. The stock's strong performance is supported by healthy long-term growth in net sales and high institutional holdings, which have increased by 1.01% over the previous quarter. However, the decline in investor participation, as evidenced by an 18.08% drop in delivery volume, raises questions about the sustainability of this upward trend. Overall, while the stock is currently rising, the underlying financial challenges and market dynamics suggest a cautious outlook.