Why is Torrent Power falling/rising?

As of 19-Sep, Torrent Power Ltd. is experiencing a decline in its stock price, currently at Rs 1,266.20, which represents a decrease of 19.8 points or 1.54%. The stock has underperformed its sector today by 4.02% and is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 0.34%, and its year-to-date performance shows a significant decline of 14.67%. Despite a 20.1% rise in profits over the past year, the stock has generated a return of -31.35%, which is considerably worse than the broader market's negative return of -0.67% for the same period. The stock is also close to its 52-week low, just 4.66% away, which may contribute to investor caution.
In the broader market context, the power generation and distribution sector has gained by 2.48%, contrasting with Torrent Power's struggles. The stock's high institutional holdings at 39.57% suggest that knowledgeable investors are closely monitoring its fundamentals, which may influence market sentiment. However, the company's recent flat results, including a significant drop in profit before tax and net sales, have raised concerns among investors. This combination of underperformance relative to the market and disappointing financial results has likely contributed to the stock's downward movement.