Why is Torrent Power falling/rising?

As of 23-Sep, Torrent Power Ltd. is currently priced at 1,279.20, reflecting an increase of 10.65 or 0.84%. The stock has outperformed its sector by 1.54% today and has experienced consecutive gains over the past two days, with a total return of 1.03% during this period. However, the stock's delivery volume has significantly decreased, falling by 61.88% compared to the 5-day average, indicating a decline in investor participation. Despite a fair valuation with a return on capital employed (ROCE) of 15.1 and a PEG ratio of 1.6, the stock has underperformed over the past year, generating a return of -31.04%, which is notably worse than the broader market's decline of -4.69%.
In the broader market context, while the stock has shown short-term resilience, its long-term performance remains concerning. The significant drop in net sales and profits in the latest quarterly results suggests underlying weaknesses that may deter investors. Furthermore, despite high institutional holdings at 39.57%, which typically indicates confidence from sophisticated investors, the stock's persistent underperformance relative to its peers and the market overall raises questions about its future trajectory. The combination of recent gains against a backdrop of declining investor participation and poor annual returns suggests that while there may be short-term upward movement, the long-term outlook remains uncertain.