Why is Trent falling/rising?

As of 01-Sep, Trent Ltd. is experiencing a price increase, currently at Rs 5,449.00, reflecting a rise of Rs 144.0 or 2.71%. The stock has shown positive momentum, having gained 3.89% over the last two days and outperforming its sector by 3.15% today. Additionally, the stock's performance over the past month is notable, with a return of +5.15%, while it has outperformed the Sensex, which declined by 1.56% over the same period. Positive factors contributing to this rise include high management efficiency indicated by a return on equity (ROE) of 15.22%, significant growth in net sales and operating profit, and strong institutional holdings at 36.93%, suggesting confidence from knowledgeable investors. However, the stock's valuation remains a concern, as it is considered expensive with a high enterprise value to capital employed ratio.
In the broader market context, while the stock has underperformed over the past year with a decline of -23.97%, it has shown resilience in the short term, contrasting with the Sensex's decline. The market overall has generated negative returns of -4.75% in the last year, indicating that Trent's performance, while poor on a yearly basis, has been relatively better in the short term. The stock's liquidity is also favorable, with a significant increase in delivery volume, which may indicate growing investor interest. Overall, the recent price increase can be attributed to positive short-term performance metrics and strong fundamentals, despite the challenges faced over the longer term.