Hello sivaprashantK,
Thanks for reaching out to Apple Support Communities. We've reviewed your question and it looks like you are having an issue with the trackpad on your Mac after updating to macOS Monterey. It's understandable that you'd want this resolved, so allow us to assist with that. Let’s start out by testing to see when this behavior occurs. We understand that this is an intermittent issue, but the following testing will be very beneficial to help narrow down this issue.
First, put your Mac into safe mode and test. Booting into safe mode will disable any startup and login items from automatically opening, which can help us to isolate the source of the issue further. When you do this, you’ll see some unusual behavior from the display; this is to be expected. Please follow the steps in this article: How to use safe mode on your Mac.
Next, let's see if this behavior persists in a second user account on your Mac. If you have a second account, please log into that and see how it works. If you don't have one you can use, please follow these steps to make a test account that can be deleted later: Set up users, guests, and groups on Mac.
Additionally, please let us know if you notice this behavior when charging, after going into or exiting from Sleep Mode, when using certain apps, etc. Anything you can identify that is consistent would be helpful.
If you have follow-up questions, please let us know. We're here for you. Have a fantastic day!