Why is Trent falling/rising?

As of 01-Aug, Trent Ltd. is experiencing a price increase, currently at Rs 5,182.05, reflecting a rise of Rs 159.05 or 3.17%. Today's performance indicates that the stock has outperformed its sector by 4.77%, reaching an intraday high of Rs 5,274, which is a 5% increase. Despite this positive movement, the stock has shown a decline of 15.62% over the past month and a year-to-date drop of 27.18%. The company benefits from high management efficiency, with a return on equity (ROE) of 15.22%, and strong long-term growth, evidenced by a 37.50% annual increase in net sales and a 44.84% rise in operating profit. However, recent flat quarterly results, including a 21.2% decline in profit before tax compared to the previous four-quarter average, have raised concerns about its valuation, which is considered expensive.
In the broader market context, Trent's short-term performance contrasts with the benchmark Sensex, which has declined by 1.06% over the past week. The stock's liquidity remains adequate, with a delivery volume that, despite a significant drop of 39.8% from the five-day average, still supports trading activity. The company's high institutional holdings at 36.93% suggest confidence among larger investors, who typically have better analytical resources. However, the stock's negative annual return of 10.27% against the Sensex's slight decline of 1.55% over the same period indicates that while Trent is currently rising, it faces ongoing challenges that could impact its future performance.