Why is Torrent Power falling/rising?

As of 08-Sep, Torrent Power Ltd. is experiencing a decline in its stock price, currently at Rs 1,263.00, reflecting a decrease of -1.25 (-0.1%). The stock has underperformed its sector by -0.78% today and has been on a downward trend, losing -4.03% over the last three days. 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 4.42% away from Rs 1,207.2. Over the past month, Torrent Power has seen a significant decline of -5.28%, and its year-to-date performance shows a drop of -14.89%. Despite a rise in profits by 20.1% over the past year, the stock has generated a return of -25.22%, indicating a disconnect between profitability and stock performance.
In the broader market context, Torrent Power's recent performance contrasts sharply with the benchmark Sensex, which has gained +0.53% over the past week and +1.16% over the past month. The stock's significant underperformance, especially with a return of -25.22% over the last year compared to the market's -0.49%, suggests that investor sentiment is weak. High institutional holdings at 39.57% indicate that knowledgeable investors are closely monitoring the company's fundamentals, yet the flat results reported in June, including a -28.88% drop in profit before tax and a -24.8% decline in profit after tax, have likely contributed to the negative sentiment surrounding the stock.