Why is Trident falling/rising?

As of 04-Jul, Trident Ltd's stock price is currently at 31.25, reflecting an increase of 0.43 or 1.4%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 1.66%. However, it has underperformed the benchmark Sensex over the past week, with a decline of 0.89% compared to the Sensex's drop of 0.74%. Despite this short-term gain, the stock has faced challenges, including a significant decline in investor participation, as evidenced by a 48.66% drop in delivery volume against the 5-day average. The company has recently reported positive results after five consecutive quarters of losses, showcasing strong financial metrics such as a low Debt to EBITDA ratio and high cash reserves, which may contribute to a more favorable outlook for investors.
In the broader market context, Trident's performance has been lackluster over the longer term, with a year-to-date decline of 6.55% and a one-year return of -18.34%, significantly trailing the Sensex's 6.77% gain during the same period. This consistent underperformance against the benchmark, coupled with modest growth in net sales and operating profit over the past five years, raises concerns about the company's long-term growth potential. Additionally, the low stake held by domestic mutual funds may indicate a lack of confidence in the stock's valuation, further complicating its market position. Overall, while recent positive results may provide a temporary boost, the underlying issues suggest caution for potential investors.