Why is Trident falling/rising?

As of 30-Jul, Trident Ltd's stock price is currently at 30.70, reflecting a decrease of 0.32, or 1.03%. The stock has underperformed its sector by 1.02% today, and its delivery volume has significantly dropped by 70.71% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has declined by 0.97%, and it has shown a year-to-date decline of 8.19%. Despite having a strong ability to service debt with a low Debt to EBITDA ratio of 1.30 times and positive financial results, including high cash equivalents and a strong debtors turnover ratio, the stock's recent performance has been negatively impacted by its underperformance relative to the broader market.
In the broader market context, Trident's short-term performance has been better than the benchmark Sensex, which has fallen by 1.50% over the same week. However, the stock's year-to-date performance is notably worse than the Sensex, which has gained 4.28% during the same period. This contrast highlights the challenges Trident faces in maintaining investor confidence despite its solid financial metrics and position as a significant player in its sector. The overall market sentiment appears to be weighing on the stock, contributing to its current decline.