Why is Trident Lifeline falling/rising?

As of 11-Jun, Trident Lifeline Ltd's stock price is currently at Rs 272.60, reflecting a decrease of Rs 14.5 or 5.05%. Today's trading performance indicates that the stock underperformed its sector by 5.91%, opening with a loss of 4.84% and reaching an intraday low of Rs 270.15. Over the past week, the stock has declined by 0.87%, and it has also seen a year-to-date drop of 2.64%, contrasting with a strong annual return of 41.98%. Despite the company's healthy growth metrics, including a 43.10% annual increase in net sales and positive results over the last three quarters, the stock's recent performance has been hindered by erratic trading patterns and a significant drop in delivery volume, which fell by 54.55% against the five-day average.
In the broader market context, Trident Lifeline's short-term performance has lagged behind the benchmark Sensex, which has gained 1.87% over the past week and 5.60% year-to-date. This underperformance is compounded by the stock's high valuation metrics, such as a ROCE of 9.9 and an enterprise value to capital employed ratio of 5.3, which suggest it may be overvalued compared to its peers. Although institutional investors have increased their stake, indicating some confidence in the company's fundamentals, the overall market sentiment appears to be weighing on the stock, leading to its current decline.