Why is Torrent Power falling/rising?

As of 03-Sep, Torrent Power Ltd. has experienced a price increase, with its current price at 1,316.00, reflecting a rise of 10.7 points or 0.82%. The stock has been gaining for the last three days, resulting in a total return of 7.27% during this period. Despite this recent uptick, the stock has underperformed over the past year, with a significant decline of 23.28%. The company has a fair valuation with a return on capital employed (ROCE) of 15.1, and it is trading at a discount compared to its peers. However, the recent flat results in June, including a 28.88% drop in profit before tax and a 24.8% decrease in profit after tax, have raised concerns among investors.
In the broader market context, Torrent Power's short-term performance has outpaced the benchmark Sensex, which has seen a slight decline of 0.27% over the past week. While the stock has shown positive movement recently, it still faces challenges due to a year-to-date decline of 11.32%, contrasting with the Sensex's gain of 3.11%. The stock's liquidity remains adequate for trading, but a notable decrease in delivery volume by 42.06% against the five-day average suggests a potential decline in investor participation. Overall, while there are some positive indicators, the stock's long-term underperformance and recent financial results contribute to a cautious outlook.