Why is Trident Lifeline falling/rising?

As of 28-Jul, Trident Lifeline Ltd's stock price is rising, currently at Rs 288.00, reflecting an increase of Rs 18.0 or 6.67%. The stock has shown strong performance today, outperforming its sector by 6.59% and achieving a consecutive gain over the last two days with a total return of 9.26% during this period. It opened with a gain of 3.33% and reached an intraday high of Rs 296, indicating positive investor sentiment. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a significant increase in delivery volume, suggesting rising investor participation. The company has also reported healthy long-term growth, with net sales increasing at an annual rate of 58.70% and operating profit at 55.07%, alongside positive results for the last three consecutive quarters.
In the broader market context, Trident Lifeline's short-term return of 6.67% over the past week stands in stark contrast to the Sensex, which has declined by 1.59% during the same period. This divergence highlights the stock's relative strength against the benchmark index. While the company has a low debt-to-equity ratio and increasing institutional investor participation, it is important to note that the stock has a high valuation with a ROCE of 9.9 and a PEG ratio of 0.4, which may raise concerns among some investors. Despite these valuation concerns, the recent positive performance and growth metrics appear to be driving the stock's upward movement.