Why is Torrent Power falling/rising?

As of 01-Aug, Torrent Power Ltd. is currently priced at 1,294.25, reflecting a decrease of 12.75 points or 0.98%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 3.13% during this period. Over the past week, the stock has underperformed with a return of -2.35%, and it has also shown significant losses over the past month and year, with declines of 11.33% and 29.33%, respectively. Despite these short-term challenges, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 16.41%. Positive financial indicators, such as a 94.32% growth in PAT and a low debt-equity ratio of 0.50, suggest strong fundamentals; however, the stock's significant underperformance relative to the market over the past year raises concerns.
In the broader market context, Torrent Power's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 1.06% over the past week and 3.70% over the past month. This indicates that while the overall market has faced challenges, Torrent Power has struggled even more significantly. The stock's negative returns over the past year, which are substantially worse than the market's overall performance, highlight a lack of investor confidence, despite high institutional holdings at 39.57% that could suggest potential for recovery. The stock's trading at a discount compared to its peers' historical valuations may attract some investors, but the persistent declines and recent performance trends suggest ongoing challenges for Torrent Power in the near term.