Why is Adani Enterp. falling/rising?

As of 04-Aug, Adani Enterprises Ltd is currently priced at 2,364.25, reflecting an increase of 13.35, or 0.57%. The stock has recently shown a trend reversal, gaining after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish sentiment. Over the past week, the stock has underperformed, with a return of -6.33% compared to a slight gain of +0.16% in the Sensex. Despite a healthy long-term growth rate in net sales and operating profit, the company faces significant challenges, including poor management efficiency, a high Debt to EBITDA ratio, and negative results for the last three quarters, which have contributed to its recent price movements.
In the broader market context, Adani Enterprises has consistently underperformed against the benchmark over the last three years, with a one-year return of -25.20% compared to a minimal gain of +0.05% in the Sensex. This underperformance is compounded by the stock's declining profitability metrics and high debt levels, which have raised concerns among investors. While there has been a rise in investor participation, as indicated by a significant increase in delivery volume, the overall sentiment remains cautious due to the company's financial struggles and the broader market's mixed performance.