Why is Torrent Power falling/rising?

As of 08-Aug, Torrent Power Ltd. is experiencing a decline in its stock price, currently at Rs 1,333.40, reflecting a decrease of Rs 25.1 or 1.85%. Today's performance indicates that the stock has underperformed its sector by 1.41% and has reversed its trend after four consecutive days of gains. The stock reached an intraday low of Rs 1,329.65, marking a drop of 2.12%. Over the past week, the stock has shown a positive return of 3.11%, but it has underperformed over the longer term, with a 1-month return of -6.38% and a year-to-date return of -10.15%. Despite a rise in profits by 20.1% over the past year, the stock has generated a return of -23.56%, indicating a significant disconnect between profitability and stock performance. The company's high institutional holdings at 39.57% suggest that these investors are closely monitoring the fundamentals, which may influence market sentiment.
In the broader market context, Torrent Power's recent performance contrasts with the benchmark Sensex, which has shown a decline of only 0.92% over the past week and a positive return of 2.20% year-to-date. This underperformance relative to the benchmark highlights the challenges faced by the stock, particularly following flat quarterly results that revealed significant declines in profit before tax, profit after tax, and net sales. The stock's trading at a discount compared to its peers may suggest potential value, but the recent drop in delivery volume by 20.56% against the 5-day average indicates falling investor participation, which could further pressure the stock price.