Why is Trent falling/rising?

As of 14-Aug, Trent Ltd. is experiencing a decline in its stock price, currently at 5,370.00, which reflects a decrease of 25.0 points or 0.46%. Today's performance indicates that the stock has underperformed its sector by 0.88%. In terms of returns, the stock has shown a modest increase of 1.27% over the past week and 1.02% over the past month, but it has significantly underperformed on a year-to-date basis with a decline of 24.54%. While the company boasts high management efficiency with a return on equity of 15.22% and strong long-term growth metrics, including a 43.59% annual growth rate in net sales, the stock's valuation appears expensive with a PEG ratio of 4.7. Additionally, a notable drop in investor participation, with delivery volume falling by 32.74% against the five-day average, may be contributing to the stock's downward pressure.
In the broader market context, Trent's performance has been less favorable compared to the benchmark, as it has underperformed the BSE500 index, which generated a negative return of only 0.57% over the last year, while Trent's stock fell by 16.51%. This disparity suggests that investor sentiment towards Trent is weaker than the overall market, despite its strong fundamentals and high institutional holdings of 36.93%. The stock's liquidity remains adequate for trading, but the combination of high valuation concerns and recent underperformance relative to both the sector and the broader market may be influencing the current decline in its stock price.