Why is Trident falling/rising?

As of 18-Jul, Trident Ltd's stock price is currently at 31.51, reflecting a decrease of 0.35, or 1.1%. The stock has underperformed its sector by 0.26% today and has experienced a trend reversal, falling after three consecutive days of gains. Over the past week, Trident's stock has declined by 0.51%, while it has shown a positive return of 4.96% over the last month. Despite a strong ability to service debt and positive results declared in March 2025 after five negative quarters, the stock has generated a return of -16.15% over the past year, indicating ongoing challenges. Additionally, the stock's performance has been hindered by poor long-term growth metrics, with net sales growing at an annual rate of only 8.13% over the last five years.
In the broader market context, Trident's recent performance contrasts with the benchmark Sensex, which has declined by 0.90% over the past week and increased by 0.38% over the last month. Despite the stock's liquidity and rising investor participation, the consistent underperformance against the benchmark over the last three years raises concerns. The stock's market cap of Rs 16,236 crore positions it as the second-largest company in its sector, yet the low stake held by domestic mutual funds at only 0.41% suggests a lack of confidence in its current valuation. Overall, while there are some positive indicators, the combination of recent price declines and long-term growth concerns contributes to the stock's downward movement.