Why is Torrent Power falling/rising?

As of 09-Sep, Torrent Power Ltd. is experiencing a decline in its stock price, currently at Rs 1,243.90, which reflects a decrease of Rs 19.1 or 1.51%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 5.48% during this period. Additionally, it is trading 2.95% above its 52-week low and has underperformed its sector by 1.77%. The stock's performance over the past year shows a significant decline of 25.49%, while its profits have increased by 20.1%, indicating a disconnect between stock performance and underlying profitability. The stock is also trading below all its moving averages, and there has been a notable decrease in investor participation, with delivery volume dropping by 47.79% compared to the five-day average.
In the broader market context, Torrent Power's recent performance contrasts sharply with the Sensex, which has gained 1.18% over the past week and 1.56% over the past month. This underperformance is further highlighted by the stock's year-to-date decline of 16.18% compared to the Sensex's increase of 3.79%. The company's flat results reported for June, including significant declines in profit before tax, profit after tax, and net sales, have contributed to negative sentiment among investors. Despite high institutional holdings at 39.57%, which typically indicate confidence in the stock, the overall market conditions and the company's recent financial results suggest a challenging environment for Torrent Power, leading to its current price decline.