Why is Trent falling/rising?

As of 02-Jul, Trent Ltd. has experienced a price increase, currently trading at 6,228.80, reflecting a rise of 87.7 points or 1.43%. The stock has outperformed its sector today by 2.79%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Trent has shown a return of +1.62%, and over the last month, it has increased by +10.93%, significantly outperforming the Sensex, which has only risen by +0.79% during the same period. Positive factors contributing to this upward movement include high management efficiency with a return on equity of 15.22%, strong long-term growth in net sales and operating profit, and substantial institutional holdings at 36.9%. However, the stock faces challenges due to a decline in investor participation, as evidenced by a 62.26% drop in delivery volume compared to the 5-day average.
In the broader market context, Trent's recent performance has been notably strong compared to the benchmark, particularly in the short term, where it has outperformed the Sensex over both the past week and month. Despite a year-to-date decline of 12.47%, the stock has generated a return of 12.46% over the last year, indicating resilience. The company's substantial market capitalization of Rs 2,18,308 crore and its significant share of the sector further bolster its position. Nevertheless, the stock's valuation concerns, highlighted by a high enterprise value to capital employed ratio and flat quarterly results, may temper investor enthusiasm moving forward.