Why is Trio Merc. Trad. falling/rising?

As of 20-Jun, Trio Mercantile & Trading Ltd is experiencing a decline in its stock price, currently at 0.70, which reflects a decrease of 0.01 or 1.41%. The stock has underperformed its sector by 2.98% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 5.41% during this period. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. The delivery volume has also significantly dropped by 62.72% compared to the 5-day average, suggesting a decrease in investor participation. The company is facing operating losses and has shown weak long-term fundamental strength, with net sales declining at an annual rate of 32.97% and operating profit decreasing by 16.74%.
In the broader market context, the stock's performance over the past week shows a decline of 1.41%, while the benchmark Sensex has increased by 1.59%, highlighting a significant underperformance relative to the market. Over the past year, Trio Mercantile has generated a return of -32.69%, contrasting sharply with the Sensex's gain of 6.36%. This disparity indicates that the stock is not only struggling in the short term but also facing challenges in maintaining competitiveness against the broader market trends. The company's majority shareholders being non-institutional further complicates its stability, as it may indicate a lack of confidence from institutional investors.