Why is Trent falling/rising?

As of 08-Jul, Trent Ltd. is experiencing a decline in its stock price, currently at Rs 5,438.20, which reflects a decrease of Rs 61.8 or 1.12%. The stock has underperformed its sector by 0.63% today, with an intraday low of Rs 5,372.6, marking a drop of 2.32%. Over the past week, the stock has seen a significant decline of 11.45%, and year-to-date, it is down 23.58%. Despite a high management efficiency indicated by a return on equity (ROE) of 15.22% and robust long-term growth in net sales and operating profit, the stock's recent performance has been negatively impacted by flat quarterly results, including a 21.2% fall in profit before tax compared to previous averages.
In the broader market context, while the Sensex has shown a slight increase of 0.02% over the past week, Trent's substantial decline highlights a stark contrast in performance. The stock's liquidity remains adequate for trading, but a notable drop in investor participation, with delivery volume falling by 55.31% against the five-day average, suggests waning interest. Additionally, despite high institutional holdings and a significant market capitalization, the stock's valuation appears expensive relative to its returns, as indicated by a PEG ratio of 2.6, which may deter potential investors. Overall, the combination of disappointing quarterly results and declining investor engagement contributes to the stock's downward trajectory.