Why is Torrent Power falling/rising?

As of 29-Aug, Torrent Power Ltd. is experiencing a decline in its stock price, currently at Rs 1,226.80, which reflects a decrease of Rs 20.65 or 1.66%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.51% during this period. Additionally, it is trading close to its 52-week low, just 1.6% away from Rs 1,207.2. The stock's performance over the past week and month shows a decline of 4.45% and 7.61%, respectively, while it has significantly underperformed the sector by 1.25%. Despite a positive return on capital employed (ROCE) of 15.1 and a fair valuation compared to peers, the stock's negative performance over the past year, with a return of -26.19%, raises concerns, especially given the flat results reported in June.
In the broader market context, Torrent Power's performance has been notably worse than the benchmark, with the Sensex declining only 1.84% over the past week and 1.88% over the past month. The stock's year-to-date performance is also concerning, as it has dropped 17.33% while the benchmark has gained 2.14%. High institutional holdings at 39.57% indicate that knowledgeable investors are involved, yet the stock's recent financial results, including significant declines in profit before tax, profit after tax, and net sales, suggest underlying weaknesses that may be influencing investor sentiment negatively. Overall, the combination of poor recent performance, disappointing financial results, and a lack of investor participation contributes to the stock's downward trajectory.