Why is Trent falling/rising?

As of 21-Aug, Trent Ltd. is experiencing a slight decline in its stock price, currently at 5,447.80, reflecting a decrease of 4.35 points or 0.08%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 1.32%. Despite this, the stock has outperformed its sector today by 0.76%. Over the past week, Trent's stock has shown a modest increase of 1.45%, but it has significantly underperformed the benchmark Sensex, which has risen by 1.74%. Additionally, the stock's year-to-date performance is notably poor, with a decline of 23.44%, contrasting sharply with the Sensex's gain of 4.94% over the same period. The company's high management efficiency and strong growth in net sales and operating profit are positive indicators; however, the stock's high valuation and underperformance relative to the market over the past year raise concerns.
In the broader market context, while Trent's stock has shown some resilience in the short term, its long-term performance remains troubling, particularly when compared to the broader market's negative returns of -1.56% over the past year. The stock's significant decline of 19.61% in the same timeframe highlights its struggles against both the market and its peers. The high institutional holdings suggest confidence from knowledgeable investors, yet the stock's expensive valuation and high PEG ratio indicate potential overvaluation concerns. This combination of factors contributes to the stock's current downward movement, as investors weigh the company's strong fundamentals against its recent performance and market conditions.