Why is Trent falling/rising?

As of 05-Aug, Trent Ltd. is experiencing a price increase, currently at Rs 5,312.80, reflecting a rise of 64.05 (1.22%). The stock has shown a positive trend, gaining for the last three days with a total return of 5.77% during this period. Today's performance aligns with the sector, and the stock reached an intraday high of Rs 5,355, marking a 2.02% increase. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 48% compared to the five-day average. Despite this, the company boasts a high management efficiency with a return on equity (ROE) of 15.22%, and strong long-term growth indicators, such as a 37.50% annual growth rate in net sales and a 44.84% increase in operating profit.
In the broader market context, Trent's short-term return of +6.25% over the past week contrasts with the Sensex, which has declined by 0.77%. While the stock has underperformed year-to-date with a -25.34% return compared to the Sensex's +3.29%, its strong institutional holdings at 36.93% indicate confidence from larger investors who can analyze the company's fundamentals effectively. Although the stock is trading at a discount compared to its peers' historical valuations, the recent flat results in March and a high enterprise value to capital employed ratio suggest that the stock may be considered expensive. Overall, the combination of recent gains, strong management efficiency, and institutional support contributes positively to Trent's current price movement, despite some underlying concerns.