Why is Torrent Power falling/rising?

As of 15-Sep, Torrent Power Ltd. is experiencing a decline in its stock price, currently at Rs 1,267.00, which reflects a decrease of Rs 3.5 or 0.28%. The stock has underperformed its sector by 0.51% today and is currently 4.72% away from its 52-week low. Over the past week, the stock has shown a slight increase of 0.32%, but it has significantly underperformed over the longer term, with a 1-month return of -4.70% and a year-to-date decline of -14.62%. Despite a rise in investor participation, indicated by a 17.36% increase in delivery volume, the stock remains lower than its 20-day, 50-day, 100-day, and 200-day moving averages. The company has a fair valuation with a return on capital employed (ROCE) of 15.1, and while it trades at a discount compared to peers, its recent financial results have shown a decline in profit before tax, profit after tax, and net sales.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a 1-year return of -27.92% compared to the Sensex's decline of only -1.33%. This significant underperformance suggests that investor sentiment towards Torrent Power is negative, particularly in light of its flat results reported for June, which included substantial declines in key financial metrics. High institutional holdings at 39.57% indicate that sophisticated investors are closely monitoring the company's fundamentals, but the overall market sentiment remains cautious. The stock's inability to keep pace with the broader market and its recent financial struggles contribute to the ongoing downward pressure on its price.