Why is Trent falling/rising?

As of 15-Jul, Trent Ltd. has experienced a price increase, currently trading at 5,392.65, reflecting a rise of 76.85 or 1.45%. Today's performance indicates a trend reversal, as the stock has gained after two consecutive days of decline. Although the stock has outperformed its sector by 1.14%, it is important to note that its delivery volume has decreased by 15.14% compared to the five-day average, suggesting a decline in investor participation. Over the past week, Trent's stock has fallen by 0.84%, while it has seen a more significant drop of 24.22% year-to-date. Despite these challenges, the company boasts high management efficiency with a return on equity of 15.22%, and it has demonstrated healthy long-term growth with net sales increasing at an annual rate of 37.50%.
In the broader market context, the Sensex has declined by 1.36% over the past week, indicating that Trent's recent performance is relatively better than the overall market. However, the stock's year-to-date performance is significantly worse than the benchmark, which has gained 5.67%. While Trent's high institutional holdings at 36.9% may provide some stability, the company's flat results in the last quarter, including a 21.2% drop in profit before tax compared to the previous four-quarter average, raise concerns about its valuation. The stock is trading at a discount relative to its peers, but its expensive valuation metrics, such as a PEG ratio of 2.6, suggest that investors may be cautious despite the company's strong fundamentals.