Why is Torrent Power falling/rising?

As of 10-Sep, Torrent Power Ltd. is currently priced at 1,263.80, reflecting an increase of 19.9 or 1.6%. The stock has shown a trend reversal after four consecutive days of decline, with today's performance outperforming its sector by 1.2%. Despite this uptick, the stock is still trading lower than its moving averages across various time frames, indicating a bearish trend overall. Over the past year, Torrent Power has experienced a significant decline of 25.33%, despite a 20.1% increase in profits, suggesting that while the company is generating profits, market sentiment remains negative. The stock is also trading at a discount compared to its peers, which may attract some investors, especially given the high institutional holdings at 39.57%.
In the broader market context, Torrent Power's recent performance contrasts sharply with the benchmark, as it has underperformed significantly over the past year, with the Sensex showing a decline of only 0.61%. The stock's short-term return of -3.97% over the past week further highlights its struggles compared to the benchmark's positive return of 1.06%. This underperformance, coupled with flat results in the latest quarter, has likely contributed to a cautious outlook among investors, despite the recent rise in trading volume and the potential for a recovery given its fair valuation metrics.