Why is Torrent Power falling/rising?

As of 06-Aug, Torrent Power Ltd. is currently priced at 1,318.50, reflecting an increase of 5.05 or 0.38%. The stock has shown a positive trend recently, gaining for three consecutive days with a total return of 2.35% during this period. Despite opening down by 2% today and touching an intraday low of Rs 1285.7, the stock has outperformed its sector by 0.92%. Over the past week, however, it has declined by 1.32%, and its performance over the last month shows a significant drop of 8.51%. The stock has underperformed the market over the past year, with a return of -26.70% compared to the Sensex's 2.48%. Positive factors include a fair valuation with a return on capital employed of 15.1% and rising investor participation, as indicated by a 164.71% increase in delivery volume. However, negative factors such as flat quarterly results and a significant decline in profit before tax and net sales have contributed to the stock's overall underperformance.
Broader Market Context: In the context of the broader market, Torrent Power's recent performance contrasts with the benchmark, as it has underperformed significantly over the past year while the Sensex has shown positive returns. The stock's short-term gains of 2.35% over the last three days suggest a potential recovery, but the longer-term trend remains concerning with a year-to-date decline of 11.15%. The high institutional holdings at 39.57% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals. However, the overall market sentiment appears to be cautious given the stock's substantial underperformance relative to the broader indices.