Why is Adani Energy Sol falling/rising?

As of 15-Jul, Adani Energy Solutions Ltd is experiencing a slight decline in its stock price, currently at 879.85, reflecting a change of -0.15 (-0.02%). The stock's performance today is in line with the sector, although it is trading higher than the 20-day, 50-day, 100-day, and 200-day moving averages, but lower than the 5-day moving average. Notably, there has been a significant drop in investor participation, with delivery volume falling by 77.19% against the 5-day average. Over the past week, the stock has shown a minimal decline of -0.02%, while it has performed positively over the last month with a return of +2.12%. However, the stock has underperformed over the past year, generating a return of -13.20%. Positive factors include a robust growth in net profit of 87.17% and a low debt-equity ratio of 1.83 times, alongside high institutional holdings which have increased by 0.73%. Conversely, the company is burdened with high debt and has shown consistent underperformance against benchmarks over the last three years.
In the broader market context, the stock's short-term return of -0.02% over the past week contrasts with the Sensex, which has declined by -1.36% during the same period. This indicates that Adani Energy Solutions Ltd has been relatively resilient compared to the broader market. However, the stock's long-term performance remains concerning, with a significant decline of -69.56% over the past three years, while the Sensex has increased by 53.59%. The company's high debt levels and low profitability per unit of capital employed further complicate its outlook, despite recent positive earnings reports. Overall, while there are some positive indicators, the persistent underperformance and high debt levels contribute to the stock's current downward movement.