Why is Trident falling/rising?

As of 01-Jul, Trident Ltd's stock price is currently at 31.19, reflecting a decrease of 0.12, or 0.38%. The stock has been experiencing a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 1.36% during this period. Despite this recent downturn, Trident has outperformed its sector by 0.26% today. Over the past week, the stock has shown a positive return of 3.45%, although it has underperformed on a monthly basis with a decline of 1.89%. The company has recently reported positive results after five consecutive quarters of losses, showcasing strong financial metrics such as a high operating profit to interest ratio and significant cash reserves. However, the stock's long-term growth prospects appear poor, with net sales and operating profit growth lagging behind expectations over the last five years.
Broader market context indicates that while Trident has outperformed the sector in the short term, it has consistently underperformed against the benchmark over the last three years, with a notable decline of 19.80% in the past year compared to a 5.31% increase in the Sensex. The stock's liquidity remains adequate, but falling investor participation, as evidenced by a significant drop in delivery volume, raises concerns about market confidence. Additionally, the low stake held by domestic mutual funds suggests a lack of comfort with the stock's valuation, which may further contribute to its recent price decline. Overall, while there are some positive indicators, the combination of recent performance trends and broader market underperformance paints a challenging picture for Trident Ltd.