Why is Torrent Power falling/rising?

As of 01-Sep, Torrent Power Ltd. is experiencing a price increase, currently at Rs 1,261.45, reflecting a rise of Rs 34.65 or 2.82%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It opened with a significant gap up of 4.61% and reached an intraday high of Rs 1,313.7, which is a 7.08% increase. However, despite this positive movement, the stock is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has underperformed over the past week and month, with returns of -1.81% and -2.45%, respectively, and has been close to its 52-week low. Positive factors include a fair valuation compared to peers and high institutional holdings at 39.57%, while negative factors stem from flat quarterly results and a significant decline in net sales and profits.
In the broader market context, Torrent Power's recent performance contrasts with the benchmark Sensex, which has seen a smaller decline of -1.56% over the past week and -0.29% over the past month. The stock's year-to-date return of -14.99% also significantly lags behind the Sensex's positive return of +2.85%. This underperformance highlights the challenges faced by Torrent Power in the current market environment, despite its recent price increase. The overall market sentiment appears to be more favorable than that of Torrent Power, which has struggled to maintain investor interest, as indicated by falling delivery volumes.