Why is Trident falling/rising?

As of 11-Jul, Trident Ltd's stock price is currently at 31.67, reflecting a decrease of 0.41, or 1.28%. The stock has been experiencing a downward trend, having lost 1.98% over the last two days. Despite this recent decline, Trident is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some underlying strength. However, there has been a notable drop in investor participation, with delivery volume falling by 43.72% against the 5-day average. 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 reported positive results after five consecutive negative quarters, contributing to a mixed outlook for the stock.
In the broader market context, Trident's short-term performance of +1.34% over the past week contrasts with a decline of 1.12% in the Sensex, suggesting that the stock has outperformed the benchmark recently. However, over the longer term, Trident's year-to-date return of -5.29% significantly lags behind the Sensex's gain of 5.58%. This disparity highlights the challenges faced by Trident, as it has generated a return of -16.24% over the past year, despite a 6.5% increase in profits. The stock's fair valuation, trading at a discount compared to its peers, and its significant market capitalization indicate potential for recovery, but the recent price movement reflects ongoing investor caution.