Why is Trent falling/rising?

As of 04-Aug, Trent Ltd. is experiencing a price increase, currently at Rs 5,248.75, reflecting a rise of 68.75 or 1.33%. The stock has shown a positive performance today, outperforming its sector by 1.15%, and has been on a consecutive gain for the last two days, accumulating a total return of 4.49% during this period. Additionally, the stock touched an intraday high of Rs 5,288, indicating strong investor interest, as evidenced by a notable increase in delivery volume by 28.41% compared to the five-day average. Despite a year-to-date decline of 26.24%, Trent has demonstrated significant long-term growth potential with a high annual sales growth rate of 37.50% and a robust operating profit growth of 44.84%. However, the company has faced challenges, including flat results in its latest quarterly report, which showed declines in profit before tax and profit after tax compared to previous quarters.
In the broader market context, Trent's short-term return of +5.05% over the past week significantly outpaces the Sensex's modest gain of +0.16%, indicating a strong relative performance. While the stock has struggled over the longer term, with a year-to-date decline of 26.24% compared to the Sensex's increase of 3.69%, the recent positive momentum may be attributed to rising investor participation and high institutional holdings, which suggest confidence in the company's fundamentals. Nonetheless, the stock's valuation remains a concern, as it trades at a premium compared to its peers, despite its strong management efficiency and growth metrics.