Why is Torrent Power falling/rising?

As of 05-Sep, Torrent Power Ltd. is experiencing a decline in its stock price, currently at Rs 1,264.25, which reflects a decrease of Rs 31.05 or 2.4%. The stock has underperformed its sector by 2.54% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.93%. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock is also close to its 52-week low, being just 4.51% away from Rs 1,207.2. Despite a high return on capital employed (ROCE) of 15.1 and a fair valuation, the stock has generated a negative return of -24.47% over the past year, even as profits increased by 20.1%, indicating a disconnect between stock performance and underlying profitability.
In the broader market context, Torrent Power's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.13% over the past week. The stock's year-to-date decline of -14.81% further highlights its underperformance compared to the benchmark's positive return of 3.29%. The significant drop in investor participation, with delivery volume falling by 75.84% against the 5-day average, suggests waning interest among investors. High institutional holdings at 39.57% indicate that these investors, who typically have better analytical resources, may be cautious given the stock's flat results in recent quarters, including declines in profit before tax, profit after tax, and net sales. This combination of factors contributes to the stock's current downward trajectory.