Why is Ethos Ltd falling/rising?

As of 23-Jul, Ethos Ltd's stock price is currently at 2,876.30, reflecting a decrease of 52.25 points or 1.78%. Today's price summary indicates that the stock opened with a gain of 6.31% but has since fallen, marking a trend reversal after two consecutive days of gains. The stock has shown high volatility today, with an intraday range between a high of Rs 3,113.35 and a low of Rs 2,860.05. Despite this decline, Ethos Ltd has demonstrated strong performance over the past month, with a 7.49% increase, and has consistently outperformed the BSE500 index over the last three years, generating a return of 208.45%. The company's solid fundamentals, including a low Debt to EBITDA ratio and healthy growth in net sales and operating profit, support its long-term potential, while high institutional holdings suggest confidence from knowledgeable investors.
In the broader market context, Ethos Ltd's short-term performance of +1.97% over the past week contrasts with the Sensex's modest gain of +0.11%, indicating that the stock has been performing better than the benchmark recently. However, the current decline today suggests a temporary setback despite the overall positive trend in the stock's performance. The significant increase in delivery volume by 628.74% against the five-day average indicates rising investor participation, which could provide support for the stock in the future. Overall, while the stock is experiencing a decline today, its strong fundamentals and recent performance trends suggest potential for recovery.