Why is Torrent Power falling/rising?

As of 25-Jul, Torrent Power Ltd. is experiencing a decline in its stock price, currently at Rs 1,325.40, which reflects a decrease of Rs 25.6 or 1.89%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.35%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has underperformed the Sensex over various periods, with a notable 1-month return of -9.35% compared to the benchmark's -1.56%. While the company has shown healthy long-term growth with a 16.41% annual increase in net sales and a significant rise in profits, the stock's recent performance has been negatively impacted by a decrease in investor participation, as evidenced by a 47.79% drop in delivery volume.
In the broader market context, Torrent Power's recent performance contrasts sharply with the benchmark, as it has underperformed the market significantly over the past year, with a return of -13.77% compared to the BSE500's -0.19%. The power generation and distribution sector has also faced challenges, with a decline of 2.38%. Despite the company's strong fundamentals, including a low debt-equity ratio and high institutional holdings, the stock's price movement reflects broader market pressures and investor sentiment. The combination of falling investor participation and sector-wide declines has contributed to the stock's downward trajectory.