Why is Adani Energy Sol falling/rising?

As of 02-Sep, Adani Energy Solutions Ltd is experiencing a decline in its stock price, currently at 763.10, with a change of -3.65 (-0.48%). The stock has underperformed its sector by 1.89% today and 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 3.06%, and it has shown a significant decline of 26.20% over the past year. Despite a recent increase in promoter confidence, with a 1.25% rise in their stake, the company is burdened by high debt, reflected in a debt-to-equity ratio of 2.54 times and low profitability, as indicated by a return on capital employed of only 8.49%. Furthermore, the company's operating cash flow has been negative, and its recent performance metrics, such as a 24.9% drop in profit after tax, contribute to a negative outlook.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a year-to-date return of -5.37% compared to the Sensex's gain of 2.58%. This consistent underperformance against the benchmark over the last three years, coupled with the company's weak long-term fundamentals, suggests a challenging environment for the stock. The high debt levels and recent flat results further exacerbate investor concerns, leading to a cautious sentiment in the market regarding Adani Energy Solutions Ltd.