Why is Trent falling/rising?

As of 12-Aug, Trent Ltd. is experiencing a decline in its stock price, currently at 5,370.00, reflecting a decrease of 74.1 points or 1.36%. Today's performance indicates that the stock has underperformed its sector by 2.86% and has fallen after two consecutive days of gains. The stock's recent returns show a slight increase of 0.99% over the past week and 0.33% over the past month; however, it has significantly underperformed on a year-to-date basis with a decline of 24.54%. Despite high management efficiency and healthy long-term growth metrics, including a 43.59% annual growth rate in net sales, the stock's valuation appears expensive, with a high PEG ratio of 4.7 and a return on capital employed (ROCE) of 27.7. Additionally, falling investor participation, as evidenced by a 19.49% drop in delivery volume, may be contributing to the stock's downward pressure.
In the broader market context, while the Sensex has shown a slight decline of 0.59% over the past week, Trent's performance has been more negative, indicating a weaker position relative to the benchmark. Over the past year, Trent's return of -15.85% starkly contrasts with the Sensex's modest gain of 0.74%, highlighting its underperformance in the market. The stock's high institutional holdings at 36.93% suggest that knowledgeable investors are closely monitoring its fundamentals, yet the overall market sentiment remains cautious, particularly given the stock's significant decline compared to the broader market's performance.