Why is Trent falling/rising?

As of 04-Jul, Trent Ltd. is experiencing a decline in its stock price, currently at Rs 5,448.65, which reflects a decrease of Rs 733.0 or 11.86%. The stock has underperformed its sector by 9.91% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 12.52%. It opened with a significant loss of 7.79% and reached an intraday low of Rs 5,425. The stock's recent performance over the past week shows a decline of 9.46%, while its year-to-date performance indicates a substantial drop of 23.43%. Despite having high management efficiency and strong long-term growth metrics, such as a 37.50% annual growth rate in net sales, the stock's recent flat quarterly results, including a 21.2% drop in profit before tax, have negatively impacted investor sentiment.
In the broader market context, the Sensex has only declined by 0.74% over the past week, indicating that Trent's performance is significantly worse than the overall market. The stock's liquidity remains adequate, but falling investor participation, with a 56.68% drop in delivery volume compared to the five-day average, suggests waning interest among investors. While Trent has high institutional holdings and is a major player in its sector, the combination of disappointing quarterly results and a high valuation relative to its earnings has led to a negative outlook, contributing to the stock's decline.