Why is Torrent Power falling/rising?

As of 06-Oct, Torrent Power Ltd. is experiencing a decline in its stock price, currently at Rs. 1,200.10, which represents a decrease of Rs. 21.8 or 1.78%. The stock has recently hit a new 52-week low of Rs. 1,188, reflecting a significant drop in performance, as it underperformed its sector by 1.91%. Over the past week, the stock has fallen by 2.02%, and its year-to-date return stands at a negative 19.13%. Despite a rise in investor participation, with delivery volume increasing by 52.63% against the 5-day average, the stock is trading below all key moving averages, indicating a bearish trend. Additionally, while the company has shown a profit increase of 20.1% over the past year, its stock has plummeted by 36.68%, suggesting a disconnect between performance and market valuation.
In the broader market context, Torrent Power's performance has been notably weaker compared to the benchmark Sensex, which has gained 1.77% over the past week and 4.67% year-to-date. This stark contrast highlights the stock's struggle to keep pace with market trends. The company's flat results in the latest quarter, with significant declines in profit before tax and net sales, further exacerbate investor concerns. Although the stock is trading at a discount relative to its peers and has high institutional holdings, the overall negative sentiment and underperformance relative to the market suggest that investors are cautious, leading to the current downward pressure on the stock price.