Why is Trio Merc. Trad. falling/rising?

As of 22-Aug, Trio Mercantile & Trading Ltd is experiencing a decline in its stock price, currently at 0.63, which reflects a decrease of 0.06 or 8.7%. The stock has underperformed its sector by 8.26% today and has been on a downward trend for the past three days, accumulating a total return loss of 11.27% during this period. Additionally, the stock has shown significant underperformance over various time frames, with a year-to-date decline of 47.06% and a staggering 89.73% drop over the past five years. Despite some positive quarterly results, including the highest PBDIT and PAT figures, the company faces substantial operating losses and a weak long-term growth outlook, with net sales declining at an annual rate of 28.51%. The stock's valuation appears expensive relative to its peers, further contributing to investor concerns.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, contrasting sharply with Trio Mercantile's 5.97% decline during the same period. This disparity highlights the stock's significant underperformance relative to the benchmark. While there has been a rise in investor participation, as indicated by a 68.65% increase in delivery volume, the overall sentiment remains negative due to the company's weak fundamentals and poor long-term growth prospects. The stock's continued decline, coupled with its inability to align with broader market trends, reinforces the perception of it being a strong sell.