Why is Trident falling/rising?

As of 21-Jul, Trident Ltd's stock price is currently at 31.58, reflecting a slight increase of 0.07 or 0.22%. The stock has shown positive performance recently, outperforming its sector by 0.64% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Over the past week, Trident has gained 1.28%, and in the last month, it has risen by 6.76%. Despite a year-to-date decline of 5.56% and a one-year drop of 14.56%, the company has recently declared positive results after five consecutive negative quarters, showcasing strong financial metrics such as a low Debt to EBITDA ratio of 1.30 times and a high operating profit to interest ratio of 94.25 times. This financial stability, along with a fair valuation compared to peers, supports the stock's recent upward movement.
In the broader market context, Trident's short-term performance has been favorable compared to the Sensex, which has seen a slight decline of 0.06% over the past week. While the stock has experienced a decrease in investor participation, as indicated by a 0.14% drop in delivery volume against the 5-day average, its liquidity remains sufficient for trading. The company’s market capitalization of Rs 16,058 crore positions it as the second-largest in its sector, contributing to its resilience despite broader market fluctuations. Overall, the combination of improved financial results and positive short-term returns relative to the benchmark has contributed to the stock's recent rise.