Why is Trident falling/rising?

As of 17-Jul, Trident Ltd's stock price is currently at 31.86, reflecting an increase of 0.47 or 1.5%. The stock has shown a positive trend recently, gaining for the last three consecutive days and achieving a total return of 2.18% during this period. Additionally, it has outperformed its sector by 1.22%. Despite a year-to-date decline of 4.72% and a one-year drop of 16.11%, the company has reported positive results after five consecutive negative quarters, showcasing strong financial metrics such as a high operating profit to interest ratio and significant cash reserves. However, the stock's recent performance is tempered by a notable decline in investor participation, with delivery volume falling by 34.16% against the five-day average.
In the broader market context, Trident's short-term performance has been relatively better than the benchmark, with a one-month return of 4.25% compared to the Sensex's 0.83%. Despite this, the stock has consistently underperformed against the benchmark over the last three years, raising concerns among investors, particularly as domestic mutual funds hold only a minimal stake in the company. This lack of confidence from institutional investors may indicate apprehension regarding the company's long-term growth potential, especially given its modest sales and operating profit growth rates over the past five years.