Why is Trent falling/rising?

As of 25-Jul, Trent Ltd. is experiencing a decline in its stock price, currently at Rs 5,041.15, which reflects a decrease of Rs 112.05 or 2.17%. The stock has underperformed its sector by 1.57% today and has been on a downward trend for the last two days, with a total decline of 5.97% during this period. Additionally, Trent's performance over the past week shows a significant drop of 6.14%, and its year-to-date return is down by 29.16%. Despite its high management efficiency and strong long-term growth indicators, such as a 37.50% annual increase in net sales, the recent flat quarterly results have negatively impacted investor sentiment. The company reported a 21.2% decline in profit before tax compared to the previous quarter's average, which has contributed to the stock's current downward trajectory.
In the broader market context, Trent's short-term performance contrasts sharply with the Sensex, which has only declined by 0.36% over the same week. This underperformance highlights the stock's struggles relative to the overall market. While Trent has a strong institutional holding of 36.93% and a significant market cap, the recent financial results and high valuation metrics, such as a PEG ratio of 2.4, suggest that investors may be reassessing the stock's worth. The combination of declining earnings and high valuation has likely led to increased selling pressure, contributing to the stock's recent price drop.