Why is Adani Energy Sol falling/rising?

As of 01-Sep, Adani Energy Solutions Ltd is currently priced at 766.75, reflecting a slight increase of 1.35 (0.18%). Today's price summary indicates that the stock has underperformed its sector by 1.23% but has shown a trend reversal by gaining after three consecutive days of decline. Despite this recent uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 4.78%, and it has also underperformed the benchmark Sensex, which has only declined by 1.56%. Positive factors include a rise in promoter confidence, with an increase in their stake by 1.25%, indicating a belief in the company's future. However, the company faces challenges due to high debt levels, a low return on capital employed, and recent flat financial results, which contribute to its overall negative performance.
In the broader market context, while Adani Energy Solutions has experienced a decline of 4.92% year-to-date, the Sensex has gained 2.85% during the same period, highlighting a significant underperformance against the benchmark. The stock's long-term performance has also been concerning, with a staggering 80.22% drop over the past three years compared to a 36.75% increase in the benchmark. This consistent underperformance, coupled with weak financial fundamentals and high debt, suggests that the stock's recent rise may not be sustainable in the face of broader market trends and investor sentiment.