Why is Trent falling/rising?

As of 16-Jul, Trent Ltd. is experiencing a decline in its stock price, currently at 5,381.05, reflecting a change of -11.6 or -0.22%. The stock has underperformed its sector today by 1.71%, and its delivery volume has significantly decreased by 55.13% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has decreased by 0.47%, while it has seen a more substantial drop of 5.26% over the past month. Despite a strong long-term growth trajectory with net sales increasing at an annual rate of 37.50% and operating profit at 44.84%, recent quarterly results have been disappointing, with a notable decline in profit before tax and profit after tax compared to previous averages.
In the broader market context, the Sensex has also faced challenges, declining by 1.08% over the past week, but it has shown a positive return of 1.02% over the past month, contrasting with Trent's performance. The company's high institutional holdings at 36.9% suggest that knowledgeable investors are backing it, yet the stock's valuation appears expensive with a PEG ratio of 2.5, which may deter new investments. Furthermore, while Trent has shown impressive returns over the long term, its year-to-date performance is significantly lagging behind the benchmark, with a drop of 24.38% compared to the Sensex's gain of 5.75%. This combination of underwhelming recent performance and high valuation concerns contributes to the stock's current downward trend.