Why is Eternal Ltd falling/rising?

As of 23-Sep, Eternal Ltd's stock price is currently at Rs 338.40, reflecting a decrease of Rs 3.35, or 0.98%. The stock has shown a strong performance over the past week and month, with returns of 3.39% and 6.11%, respectively, and a year-to-date increase of 21.73%. However, despite trading above all its moving averages, the stock underperformed its sector by 0.39% today. Positive factors contributing to its performance include healthy long-term growth with net sales increasing at an annual rate of 73.31%, and high institutional holdings at 68.93%, which have risen by 1.01% over the previous quarter. Conversely, the company faces challenges such as a high Debt to EBITDA ratio of -1.00 times, negative operating profits, and a significant drop in profits over the past year, which has raised concerns among investors.
Broader market context indicates that while Eternal Ltd has outperformed the Sensex in various time frames, including a 13.98% return over the past year compared to the Sensex's decline of 3.33%, the stock's recent decline may reflect investor caution due to its financial struggles. The stock's liquidity remains adequate for trading, but the negative operating profits and reported losses could be influencing investor sentiment, leading to the current price drop. Overall, while the stock has shown resilience in the long term, the immediate concerns regarding its financial health may be weighing on its price performance.