Why is Torrent Power falling/rising?

As of 22-Sep, Torrent Power Ltd. is experiencing a slight decline in its stock price, currently at Rs 1,265.50, reflecting a decrease of 0.7 or 0.06%. The stock has underperformed its sector by 4.11% today and has been on a downward trend, losing 1.59% over the last two days. It is also trading lower than its moving averages across various time frames, indicating a bearish sentiment. Over the past year, the stock has significantly underperformed, with a return of -33.53%, while its profits have increased by 20.1%. Despite a fair valuation and high institutional holdings at 39.57%, the recent flat results in net sales and profit before tax have contributed to the stock's negative momentum.
In the broader market context, the Sensex has shown a positive return of 0.46% over the past week, contrasting with Torrent Power's slight decline of 0.12%. The power generation and distribution sector has gained 4.05%, highlighting the stock's underperformance relative to its peers. While the stock is trading at a discount compared to its historical valuations, the significant drop in its stock price over the past year suggests that investor sentiment remains cautious, particularly in light of the recent financial results that fell short of expectations.