Why is Trent falling/rising?

As of 10-Nov, Trent Ltd. is experiencing a decline in its stock price, currently at Rs. 4,282.35, which reflects a decrease of Rs. 342.5 or 7.41%. The stock has hit a new 52-week low today, with an intraday low of Rs. 4,264.05, and has underperformed its sector by 7.51%. Over the past week, Trent has seen a return of -9.13%, and its year-to-date performance shows a significant drop of -39.82%. Despite high management efficiency indicated by a return on equity (ROE) of 15.22% and healthy long-term growth in net sales and operating profit, the stock's valuation appears expensive with a low return on capital employed (ROCE) of 3.1, contributing to its recent downward trend. In the broader market context, Trent's performance has been notably worse than the benchmark, with the Sensex showing a slight decline of only 0.53% over the past week. The stock's negative returns over the last year, at -32.02%, starkly contrast with the BSE500's positive return of 3.81%, highlighting its underperformance. Additionally, while there has been rising investor participation, as evidenced by an increase in delivery volume, the overall sentiment remains cautious due to flat results in recent financial disclosures and a high PEG ratio of 5, indicating that the stock may be overvalued relative to its earnings growth.