Why is Trent falling/rising?

As of 29-Aug, Trent Ltd. is experiencing a price increase, currently at Rs 5,305.00, reflecting a change of 60.0 (1.14%) upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. It reached an intraday high of Rs 5,410.1, marking a 3.15% increase. Despite this positive movement today, the stock has underperformed in the short term, with a 1-week return of -2.16% compared to the Sensex's -1.84%. However, over the past month, Trent has outperformed the benchmark with a return of +6.09% against the Sensex's -1.88%. Positive factors contributing to the stock's recent movement include high management efficiency, significant growth in net sales and operating profit, and strong institutional holdings, which suggest confidence from knowledgeable investors. Conversely, the stock's high valuation metrics and substantial underperformance over the past year, where it fell by -26.20%, indicate potential concerns for investors.
In the broader market context, while Trent has shown some recovery today, it has still lagged behind the overall market performance in the past year, where the BSE500 index recorded a negative return of -5.40%. The stock's significant decline over the past year, despite a rise in profits, highlights a disconnect between market perception and financial performance. This underperformance relative to the benchmark may contribute to cautious sentiment among investors, even as the stock shows signs of recovery in the short term.