Why is Trident falling/rising?

As of 14-Jul, Trident Ltd's stock price is currently at 31.18, reflecting a decrease of 0.49, or 1.55%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.5% during this period. Additionally, it has underperformed its sector by 1.03% today. Over the past week, Trident's stock has shown a slight increase of 0.16%, but it has significantly lagged behind the benchmark, with a year-to-date decline of 6.76% compared to the Sensex's gain of 5.27%. Despite a strong ability to service debt and positive results declared in March 2025 after five negative quarters, the stock's long-term growth prospects appear poor, with net sales growing at only 8.13% annually over the last five years. Furthermore, the low stake held by domestic mutual funds may indicate a lack of confidence in the stock's current valuation.
In the broader market context, Trident's recent performance contrasts sharply with the Sensex, which has gained 1.40% over the past month. The stock's consistent underperformance against the benchmark over the last three years, coupled with a significant decline in investor participation, as evidenced by a 63.51% drop in delivery volume, suggests a lack of market confidence. The company's market capitalization and sales figures indicate it is a significant player in its sector, yet its historical underperformance and the low interest from domestic mutual funds raise concerns about its future growth potential. Overall, these factors contribute to the stock's downward movement in the current market environment.