Why is Trident falling/rising?

As of 28-Aug, Trident Ltd's stock price is currently at 27.47, reflecting a decrease of 0.28, or 1.01%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 5.05% during this period. Additionally, Trident's performance over the past week shows a decline of 4.09%, while its one-month return is down by 10.64%. Despite strong financial results, including a significant growth in profit before tax and profit after tax, the stock has generated a negative return of 26.73% over the past year. The low domestic mutual fund ownership at only 0.41% may indicate a lack of confidence in the stock's current valuation, contributing to its downward trend.
In the broader market context, Trident's performance has lagged behind the Sensex, which has shown a modest gain of 2.48% year-to-date. The stock's consistent underperformance against the benchmark over the last three years, coupled with its negative returns, suggests a lack of investor confidence. The stock is trading below its moving averages, indicating bearish sentiment, and the declining delivery volume further reflects reduced investor participation. Overall, while the company has a strong ability to service debt and is trading at a discount compared to peers, the persistent underperformance and low mutual fund interest are significant factors contributing to the stock's decline.