Why is Trident falling/rising?

As of 29-Jul, Trident Ltd's stock price is currently at 31.02, reflecting an increase of 0.28, or 0.91%. The stock has shown a performance today that outperformed its sector by 0.27%. However, it is important to note that the stock's delivery volume has decreased by 29.73% compared to the 5-day average, indicating a decline in investor participation. In terms of returns, the stock has experienced a 1-week increase of 2.11%, while it has seen a decline of 1.62% over the past month and a significant drop of 18.75% over the past year. Despite these challenges, the company has demonstrated a strong ability to service its debt, with a low Debt to EBITDA ratio of 1.30 times, and has reported positive financial results, including the highest cash and cash equivalents at Rs 681.25 crore.
In the broader market context, Trident's recent performance contrasts with the Sensex, which has declined by 1.03% over the past week. While the stock has outperformed the benchmark in the short term, its year-to-date performance shows a decline of 7.24%, compared to a 4.09% increase in the Sensex. This suggests that while Trident is experiencing some upward movement, it still faces significant challenges in the longer term, as evidenced by its negative returns over the past year and three years. Overall, the stock's recent rise can be attributed to specific positive financial indicators, but it remains under pressure from broader market trends and declining investor engagement.