Why is Trident falling/rising?

As of 30-Jun, Trident Ltd's stock price is currently at 31.31, reflecting a decrease of 0.22, or 0.7%. The stock has underperformed its sector today by 1.54% and has experienced a consecutive decline over the last two days, resulting in a total drop of 0.98%. Despite this recent downturn, Trident is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some underlying strength. The company has shown a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.30 times, and has recently declared positive results after five consecutive negative quarters. However, the stock has generated a return of -17.82% over the past year, despite a 6.5% increase in profits, which may contribute to investor hesitation.
In the broader market context, Trident's short-term performance has been relatively strong, with a 4.89% increase over the past week, compared to a 2.09% rise in the Sensex. However, the stock has consistently underperformed against the benchmark over the last three years, which may deter potential investors. The company's market capitalization of Rs 16,068 crore positions it as the second largest in its sector, yet the low domestic mutual fund ownership of only 0.38% suggests a lack of confidence among institutional investors. This combination of factors, including the stock's recent performance and broader market sentiment, contributes to the current downward pressure on Trident's stock price.