Why is Trio Merc. Trad. falling/rising?

As of 24-Jul, Trio Mercantile & Trading Ltd is experiencing a decline in its stock price, currently at 0.70, reflecting a decrease of 0.01 or 1.41%. The stock has underperformed its sector by 0.67% today and has been on a downward trend for the last two days, with a total drop of 2.78% in that period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating weak momentum. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 76.29% compared to the 5-day average. The company is also facing challenges with operating losses and a weak long-term fundamental strength, as evidenced by a negative EBITDA and declining net sales and operating profit.
In the broader market context, the stock's performance over the past week shows a decline of 2.78%, while the benchmark Sensex has only decreased by 0.09%, highlighting a significant underperformance relative to the market. Year-to-date, Trio Mercantile has seen a staggering decline of 41.18%, contrasting sharply with the Sensex's gain of 5.18%. This stark difference underscores the company's struggles, particularly in light of its poor long-term growth metrics and the fact that the majority of its shareholders are non-institutional, which may contribute to lower confidence among investors.