Why is Torrent Power falling/rising?

As of 25-Aug, Torrent Power Ltd. is currently priced at 1,284.70, reflecting a slight increase of 0.7 (0.05%). The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Additionally, there has been a significant drop in investor participation, with delivery volume on 22 August falling by 76.84% compared to the 5-day average. Over the past year, the stock has underperformed the market with a return of -22.93%, while its profits have increased by 20.1%. Despite a fair valuation and high institutional holdings at 39.57%, the recent flat results in June, including a -28.88% decline in profit before tax and a -24.8% drop in profit after tax, have contributed to the stock's struggles.
In the broader market context, Torrent Power's performance over the last year has been significantly worse than the benchmark, which saw a negative return of only -2.11%. The stock's 1-week and 1-month returns are also negative at -1.36% and -3.07%, respectively, while the benchmark, represented by the Sensex, has shown positive returns of +0.45% and +0.21% during the same periods. This stark contrast highlights the challenges faced by Torrent Power in attracting investor confidence, despite its strong fundamentals and institutional backing.