Why is Trio Merc. Trad. falling/rising?

As of 02-Jul, Trio Mercantile & Trading Ltd is experiencing a price increase, with the current price at 0.70, reflecting a change of 0.01 or 1.45% upward. The stock has shown a consecutive gain over the last two days, rising by 4.48% during this period. However, despite this short-term improvement, the stock has underperformed over the past month, with a decline of 2.78%, and a significant year-to-date drop of 41.18%. The company is facing challenges, including operating losses and weak long-term fundamental strength, as evidenced by a negative EBITDA and a poor growth rate in net sales and operating profit. Additionally, the majority of shareholders are non-institutional, which may contribute to the stock's volatility.
In the broader market context, the stock's recent performance has outpaced the sector by 2.68% today, although it still lags behind the benchmark Sensex, which has gained 0.79% over the past week. The stock's liquidity appears adequate for trading, but there has been a notable decline in investor participation, with delivery volume dropping by 58.23% against the five-day average. This decline in participation, coupled with the company's ongoing financial struggles, suggests that while there may be short-term gains, the long-term outlook remains precarious, indicating that the stock is still viewed as risky compared to its historical valuations.