Why is Torrent Power falling/rising?

As of 05-Aug, Torrent Power Ltd. is experiencing a slight decline in its stock price, currently at 1,312.00, reflecting a decrease of 0.6 or 0.05%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 20.93% compared to the 5-day average. Over the past week, the stock has decreased by 1.19%, and it has underperformed significantly over the last month and year, with returns of -8.96% and -25.08%, respectively. While the company has shown healthy long-term growth with a 16.41% annual increase in net sales and a strong profit increase of 63% over the past year, the recent quarterly results have been disappointing, with significant declines in profit before tax, profit after tax, and net sales.
In the broader market context, Torrent Power's performance has lagged behind the benchmark, with the Sensex showing a decline of only 0.77% over the past week, while Torrent Power's decline was more pronounced. The stock's negative returns over the past year contrast sharply with the market's slight gain of 0.50%, highlighting its underperformance. Despite high institutional holdings at 39.57%, which typically indicates confidence in the company's fundamentals, the recent flat quarterly results have raised concerns among investors. The stock is currently trading at a discount compared to its peers, but the combination of poor short-term performance and disappointing quarterly results has contributed to its recent decline.