Why is Torrent Power falling/rising?

As of 30-Jul, Torrent Power Ltd. is currently priced at Rs 1,336.10, reflecting an increase of 8.25 points or 0.62%. Despite this positive movement today, the stock has underperformed in the past week and month, with returns of -1.56% and -9.21%, respectively. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 28.18% compared to the 5-day average. However, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 16.41%, and positive financial metrics such as a 94.32% growth in PAT over the last six months and a low debt-equity ratio of 0.50 times.
In the broader market context, while the Sensex has seen a slight decline of 1.50% over the past week, Torrent Power's performance has been worse, suggesting that it is not keeping pace with the market. The stock's year-to-date performance shows a significant drop of 9.96%, contrasting sharply with the Sensex's gain of 4.28%. Although institutional holdings are high at 39.57%, indicating confidence from larger investors, the stock's overall underperformance in the last year, with a return of -16.15% compared to the market's -2.34%, raises concerns about its future trajectory.