Why is Trio Merc. Trad. falling/rising?

As of 25-Jul, Trio Mercantile & Trading Ltd is experiencing a decline in its stock price, currently at 0.69, which reflects a decrease of 0.01 or 1.43%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 4.17% during this period. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a weak performance relative to its historical price trends. Despite a slight outperformance against its sector today, the company faces significant challenges, including operating losses and a 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 short-term performance of -1.43% over the past week contrasts with the Sensex, which has only declined by 0.36%. This indicates that Trio Mercantile is underperforming relative to the market benchmark. Additionally, the finance/NBFC sector has also seen a decline of 2.12%, contributing to the overall negative sentiment. The stock's liquidity appears adequate, with a notable increase in delivery volume, but the majority of shareholders are non-institutional, which may limit support for price recovery. Overall, the combination of poor financial performance, negative EBITDA, and a significant drop in stock value over the past year suggests a challenging environment for Trio Mercantile & Trading Ltd.