Why is Triven.Engg.Ind. falling/rising?

As of 30-Jul, Triveni Engineering and Industries Ltd is experiencing a decline in its stock price, currently at Rs 343.55, which reflects a decrease of Rs 24.15 or 6.57%. The stock has underperformed its sector by 5.5% today, opening with a loss of 2.35% and reaching an intraday low of Rs 339, a drop of 7.81%. Over the past week, the stock has fallen by 6.97%, and it has shown a significant decline of 24.18% year-to-date. The company's recent financial performance has been poor, with a reported 39.7% drop in profits over the past year, contributing to its negative returns of 18.42%. Additionally, the stock is trading below all key moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume down by 64.51% compared to the five-day average.
In the broader market context, Triveni Engineering's short-term performance has been worse than the benchmark, with the Sensex only declining by 1.50% over the same week. The company has also reported a fall in net sales of 1.91% and a significant drop in profitability metrics, including a 130.2% decline in profit before tax compared to the previous four-quarter average. This underperformance is compounded by a long-term growth outlook that appears weak, as indicated by a negative annual growth rate in operating profit over the last five years. Overall, the combination of poor financial results, declining investor interest, and a lack of positive momentum in the stock price has led to its current downward trajectory.