Why is Trident Lifeline falling/rising?

As of 17-Oct, Trident Lifeline Ltd's stock price is rising, currently at Rs 308.80, reflecting an increase of Rs 8.8 or 2.93%. The stock has shown strong performance today, outperforming its sector by 2.46%, and has been on a consecutive gain streak for the last two days, accumulating a total return of 5.75% during this period. It is noteworthy that the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the stock has demonstrated healthy long-term growth with net sales increasing at an annual rate of 58.70% and operating profit at 55.07%. Institutional investors have also increased their stake by 0.52% over the previous quarter, which may contribute to the stock's upward momentum.
In the broader market context, Trident Lifeline's short-term return of 2.76% over the past week outpaces the Sensex's return of 1.76%, suggesting that the stock is performing well relative to the market. Over the past month, Trident Lifeline has achieved a return of 10.29%, significantly higher than the Sensex's 1.52%. This consistent outperformance over various time frames, including a 136.36% return over the last three years, indicates strong investor confidence and positive sentiment surrounding the stock, further supporting its recent price rise.