Why is Trent falling/rising?

As of 03-Sep, Trent Ltd. is experiencing a price increase, currently at 5,470.85, reflecting a rise of 61.9 or 1.14%. Today's performance indicates that the stock has underperformed its sector by 0.36%. Despite this, the stock has shown positive returns over the past week and month, with increases of 3.37% and 5.57%, respectively. However, it has a significant year-to-date decline of 23.12%. The stock's moving averages indicate it is performing better than the 5-day, 20-day, and 100-day averages but is below the 50-day and 200-day averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 40.42% compared to the 5-day average. Positive factors include high management efficiency with a return on equity of 15.22%, strong growth in net sales and operating profit, and high institutional holdings at 36.93%. However, the stock is considered expensive with a high valuation and has underperformed the market over the past year.
In the broader market context, while Trent has shown positive short-term returns, it has significantly lagged behind the benchmark, which has seen a slight decline of 0.04% over the past month. The stock's year-long performance is particularly concerning, as it has dropped by 22.32%, compared to the benchmark's decline of only 2.41%. This underperformance, despite rising profits, suggests that investor sentiment may be cautious due to the stock's high valuation metrics and its inability to keep pace with the broader market trends.