Why is Trident falling/rising?

As of 25-Jul, Trident Ltd's stock price is currently at 31.56, reflecting a slight increase of 0.04 or 0.13%. The stock has been gaining momentum, having outperformed its sector by 3% today and achieving a consecutive gain over the last three days with a total return of 3.88% during this period. Additionally, Trident is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has demonstrated strong financial health, evidenced by a low Debt to EBITDA ratio of 1.30 times and impressive financial results, including the highest cash and cash equivalents at Rs 681.25 crore and a debtors turnover ratio of 23.47 times.
In the broader market context, Trident's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 0.36% over the past week while Trident has increased by 0.16%. Despite a year-to-date decline of 5.62% for Trident, the stock's recent gains suggest a recovery phase, particularly as investor participation has risen significantly, with delivery volume increasing by 41.54% against the 5-day average. However, the textile sector overall has faced challenges, with a decrease of 2.96%, which may impact the stock's long-term outlook despite its current positive performance.