Why is Adani Energy Sol falling/rising?

As of 10-Jul, Adani Energy Solutions Ltd is currently priced at 890.30, reflecting a decrease of 1.2 points or 0.13%. The stock has shown mixed performance recently, with a 1-week return of +1.50% while it has declined by 2.77% over the past month. Despite this recent dip, the company has demonstrated strong financial results, including a significant net profit growth of 87.17% and consistent positive results over the last four quarters. However, the stock is facing challenges due to high debt levels, with a debt-to-equity ratio of 1.83 times, and a relatively low return on capital employed, which may deter some investors. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 22.42% against the 5-day average.
In the broader market context, the stock's short-term performance has outpaced the Sensex, which has seen a slight decline of 0.06% over the same 1-week period. However, the stock has underperformed against the benchmark over the longer term, with a 1-year return of -11.31% compared to the Sensex's gain of 4.09%. This consistent underperformance, coupled with high institutional holdings that have increased by 0.73%, suggests a complex situation where institutional investors may have more confidence in the company's fundamentals than retail investors. Overall, while there are positive indicators such as strong profit growth, the high debt levels and recent declines in trading volume may contribute to the stock's current downward movement.