Why is Trent falling/rising?

As of 17-Jul, Trent Ltd. is experiencing a price increase, currently at 5,417.60, reflecting a change of 36.55 (0.68%) upward. Today's performance indicates that the stock has outperformed its sector by 1.36%. While it is trading higher than its 5-day and 100-day moving averages, it remains below its 20-day, 50-day, and 200-day moving averages. The stock's recent returns show a slight decline of 0.20% over the past week and a more significant drop of 3.66% over the past month. Despite these short-term challenges, Trent has demonstrated strong long-term growth with net sales increasing at an annual rate of 37.50% and operating profit at 44.84%. However, the company has faced some negative factors, including a decline in profit before tax and profit after tax in the most recent quarter, which may contribute to investor caution.
In the broader market context, Trent's recent performance contrasts with the Sensex, which has fallen by 1.12% over the past week and increased by 0.83% over the past month. This suggests that while Trent is facing some internal challenges, it is managing to hold its ground better than the overall market in the short term. The high institutional holdings at 36.9% indicate that knowledgeable investors are backing the stock, which could provide some stability. Nevertheless, the stock's valuation appears expensive relative to its return on capital employed, and the PEG ratio of 2.6 suggests that while profits have risen, the stock price may not reflect this growth adequately.