Why is Trent falling/rising?

As of 25-Jun, Trent Ltd. has experienced a price increase, currently at 6,129.30, reflecting a rise of 68.5 points or 1.13%. Today's price summary indicates that the stock has outperformed its sector by 0.6%. Although it is trading higher than its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average. The stock has shown strong performance over the past week and month, with returns of +6.91% and +12.80%, respectively. However, there is a notable decline in investor participation, as the delivery volume has decreased by 68.12% compared to the 5-day average. Positive factors contributing to the stock's movement include high management efficiency with a return on equity of 15.22%, robust long-term growth in net sales and operating profit, and significant institutional holdings at 36.9%, which suggest confidence in the company's fundamentals.
In the broader market context, Trent's short-term performance has significantly outpaced the benchmark Sensex, which recorded a return of +1.61% over the past week and +1.27% over the past month. Despite a year-to-date decline of -13.87% compared to the Sensex's gain of +5.91%, Trent has consistently generated returns, outperforming the BSE 500 over the last three years. This consistent performance, combined with a substantial market capitalization of Rs 2,15,454 cr, positions Trent as a major player in its sector, constituting 32.94% of the industry. The stock's liquidity remains adequate for trading, further supporting its recent upward movement.