Why is Torrent Power falling/rising?

As of 26-Aug, Torrent Power Ltd. is experiencing a decline in its stock price, currently at 1,266.45, which reflects a decrease of 18.25 or 1.42%. The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is 4.68% away from its 52-week low, and there has been a significant drop in investor participation, with delivery volume falling by 63.54% against the 5-day average. Over the past year, the stock has underperformed the market with a return of -22.39%, while its profits have increased by 20.1%, suggesting that despite positive earnings growth, the stock price has not reflected this performance.
In the broader market context, Torrent Power's short-term performance has been worse than the benchmark, with a 1-week return of -2.42% compared to the Sensex's -1.05%. This underperformance is further highlighted by the stock's year-to-date decline of 14.66% against the Sensex's gain of 3.39%. The company's high institutional holdings at 39.57% indicate that these investors, who typically have better analytical resources, may be cautious given the flat results reported in June, where profit before tax and net sales saw significant declines. Overall, the combination of disappointing quarterly results, declining investor interest, and poor relative performance to the market has contributed to the stock's downward movement.