Why is Torrent Power falling/rising?

As of 11-Sep, Torrent Power Ltd. is currently priced at 1,270.50, reflecting an increase of 6.7 points or 0.53%. The stock has been gaining for the last two days, with a total return of 2.14% during this period. However, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. Despite a significant decline of 25.26% over the past year, the company has seen a profit increase of 20.1%, suggesting that the stock is undervalued compared to its peers, as evidenced by its fair valuation metrics. Additionally, high institutional holdings at 39.57% may provide some support, as these investors typically have better resources to analyze the company's fundamentals.
In the broader market context, Torrent Power's recent performance contrasts with the Sensex, which has gained 1.03% over the past week. The stock has underperformed significantly compared to the market over the last year, where it has experienced a decline much steeper than the BSE500's negative return of 2.29%. This underperformance, coupled with flat results in its latest quarterly earnings, where key financial metrics such as profit before tax and net sales have fallen, contributes to a cautious outlook among investors. Thus, while there are signs of short-term recovery, the overall trend remains concerning against the backdrop of broader market performance.