Why is Torrent Power falling/rising?

As of 16-Sep, Torrent Power Ltd. is experiencing a decline in its stock price, currently at Rs 1,263.00, reflecting a decrease of Rs 4.0 or 0.32%. The stock has underperformed its sector by 1.08% today and has been on a downward trend for the last two days, accumulating a total loss of 0.59%. Over the past month, the stock has seen a significant decline of 5.01%, while its year-to-date performance shows a notable drop of 14.89%. Despite a 20.1% increase in profits over the past year, the stock has generated a return of -29.04%, indicating that the market has not responded positively to its financial results. The stock is currently trading at a discount compared to its peers, but high institutional holdings at 39.57% suggest that these investors may have a more favorable outlook based on fundamental analysis.
In the broader market context, the stock's short-term performance of +1.54% over the past week is slightly below the benchmark Sensex, which has gained 1.58% in the same period. However, the stock's long-term performance remains concerning, as it has underperformed the market significantly over the past year, where the BSE500 index recorded a decline of only -2.93%. The recent flat results reported for the quarter ending June 25, including a 28.88% drop in profit before tax and a 24.8% decrease in profit after tax, have likely contributed to investor sentiment turning negative, leading to the stock's current decline.