Why is Trident falling/rising?

As of 25-Sep, Trident Ltd's stock price is currently at 29.09, reflecting a decrease of 0.47, or 1.59%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total decline of 4.15% during this period. Additionally, the stock's performance over the past week shows a decline of 2.51%, while it has increased by 2.97% over the past month. However, year-to-date, the stock has dropped by 13.01%, and over the past year, it has seen a significant decline of 19.04%. Despite a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 1.30 times, the stock's valuation appears expensive with a ROCE of 9.8 and a PEG ratio of 1.1. Furthermore, the limited participation from domestic mutual funds, which hold only 0.41% of the company, may suggest a lack of confidence in the stock's current price.
In the broader market context, Trident Ltd has consistently underperformed against the benchmark, with a return of -19.04% over the past year compared to the Sensex's gain of 3.87%. The stock's recent performance has also lagged behind the BSE500 in each of the last three annual periods, indicating a trend of underperformance. The stock's delivery volume has decreased significantly, falling by 29.6% against the five-day average, which may further reflect declining investor interest. Overall, the combination of recent price declines, underperformance relative to benchmarks, and weak investor participation contributes to the stock's current downward trajectory.