Why is Trio Merc. Trad. falling/rising?

As of 04-Aug, Trio Mercantile & Trading Ltd is currently priced at Rs. 0.63, showing no change (0.00%). The stock has recently hit a new 52-week low of Rs. 0.58 and has underperformed its sector by 1.62%. Over the past week, the stock has declined by 3.08%, and it has experienced significant losses over longer periods, with a year-to-date decline of 47.06% and a staggering 89.62% drop over the past five years. The company is facing operating losses and has a 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 shareholders are non-institutional, which may contribute to the stock's volatility.
In the broader market context, the Sensex has shown a slight positive return of 0.16% over the past week, contrasting with Trio Mercantile's decline. While the stock has seen a rise in investor participation, with delivery volume increasing significantly, it remains below its moving averages across various time frames, indicating a bearish trend. The company's flat results and negative financial indicators suggest that investors are cautious, leading to a lack of confidence in the stock's recovery potential amidst a generally stable market environment.