Why is Trident falling/rising?

As of 24-Jul, Trident Ltd's stock price is currently at 31.52, reflecting an increase of 0.52, or 1.68%. The stock has shown a positive trend recently, gaining 3.75% over the last two days and outperforming its sector by 1.66% today. Despite a negative return of -1.07% over the past week, the stock has performed better over the past month with a return of +4.54%. Key financial metrics indicate a strong ability to service debt, with a low Debt to EBITDA ratio of 1.30 times, and positive results from the latest quarter, including the highest cash and cash equivalents at Rs 681.25 crore and a robust debtors turnover ratio. However, there is a noted decline in investor participation, with delivery volume falling by 22.8% against the 5-day average.
In the broader market context, Trident's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.09% over the past week. While Trident's year-to-date return is down by 5.74%, the Sensex has gained 5.18% in the same period, indicating a relative underperformance over the longer term. Nevertheless, Trident's stock is trading at a discount compared to its peers' historical valuations, which may attract investors looking for value. Overall, the combination of recent positive price movements, strong financial metrics, and a favorable valuation relative to peers suggests that the stock is experiencing upward momentum despite some challenges in investor participation and longer-term performance.