Why is Adani Energy Sol falling/rising?

As of 07-Jul, Adani Energy Solutions Ltd is experiencing a price increase, currently at 885.50, reflecting a rise of 8.2 points or 0.93%. The stock has been gaining for the last two days, with a total return of 0.96% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the stock has shown a significant increase in delivery volume, rising by 87.93% against the 5-day average, which suggests heightened investor interest. The company has reported strong financial results, including an 87.17% growth in net profit and positive results for the last four consecutive quarters, contributing to a favorable outlook despite its high debt levels and underperformance over the past year.
In the broader market context, Adani Energy Solutions Ltd's short-term return of +0.42% over the past week contrasts with the Sensex, which has declined by 0.20%. While the stock has underperformed over the last year with a return of -12.62%, it has outperformed the benchmark in the year-to-date period, achieving a return of +9.81% compared to the Sensex's +6.79%. The high institutional ownership at 23.91% indicates confidence from larger investors, which may support the stock's recent upward movement. However, concerns about its high debt levels and low long-term profitability remain, suggesting that while the stock is rising currently, challenges persist that could affect its future performance.