Why is Adani Energy Sol falling/rising?

As of 14-Aug, Adani Energy Solutions Ltd is experiencing a decline in its stock price, currently at 775.30, which reflects a decrease of 12.35 or 1.57%. The stock has underperformed its sector by 0.87% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 2.56%. Over the past week, the stock has dropped by 2.52%, and in the last month, it has seen a significant decrease of 11.90%. Additionally, the company's performance metrics indicate that it is trading below all key moving averages, and there has been a notable drop in investor participation, with delivery volume plummeting by 94.02% compared to the five-day average. While there is a positive aspect of rising promoter confidence due to a 1.25% increase in their stake, the company is burdened with high debt and weak long-term fundamentals, which contribute to its negative performance.
In the broader market context, Adani Energy Solutions Ltd's short-term performance has been notably poor compared to the benchmark, as it has declined by 2.52% over the past week while the Sensex has only decreased by 0.03%. This stark contrast highlights the stock's struggles relative to the overall market. Furthermore, the company's long-term performance is concerning, with a 30.42% drop in returns over the past year, significantly underperforming the BSE500 index. The high debt levels and low profitability, as indicated by a Return on Capital Employed of only 8.49%, further exacerbate the stock's challenges, leading to a perception of it being a strong sell despite some positive signals from promoter confidence.