Why is Trident falling/rising?

As of 02-Jul, Trident Ltd's stock price is currently at 30.74, reflecting a decrease of 0.45, or 1.44%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 2.78% during this period. It has also underperformed its sector by 1.66% today. Over the past week, the stock has shown a modest gain of 0.49%, but it has significantly lagged behind the benchmark Sensex, which has risen by 0.79%. Additionally, the stock's performance over the last year has been poor, with a return of -20.47%, while its profits have increased by 6.5%. Despite having a strong ability to service debt and a fair valuation compared to peers, the stock's long-term growth prospects are hindered by low domestic mutual fund interest and consistent underperformance against the benchmark.
In the broader market context, Trident's recent performance contrasts sharply with the Sensex, which has gained 6.75% year-to-date, while Trident has declined by 8.07%. This underperformance is indicative of broader investor sentiment, as the stock's delivery volume has decreased significantly, suggesting falling investor participation. The company's relatively low growth rates in net sales and operating profit over the past five years further contribute to the negative outlook. Overall, the combination of recent price declines, poor long-term growth prospects, and lack of confidence from domestic mutual funds has led to a negative sentiment surrounding Trident Ltd's stock.