Why is Adani Enterp. falling/rising?

As of 06-Aug, Adani Enterprises Ltd is experiencing a decline in its stock price, currently at 2,300.40, reflecting a decrease of 29.7 points or 1.27%. The stock has underperformed its sector by 0.78% today and has been on a downward trend for the last two days, resulting in a total decline of 2.7%. Over the past week, the stock has fallen by 9.15%, and its performance over the last month shows a decrease of 11.49%. The company has reported negative results for the last three consecutive quarters, with a significant drop in profit after tax and low management efficiency indicated by a Return on Capital Employed (ROCE) of 6.91%. Additionally, the stock is trading below its moving averages across various time frames, and there has been a notable decline in investor participation, with delivery volume falling by 20.03% compared to the five-day average.
In the broader market context, the stock's short-term performance has been significantly worse than the benchmark, with the Sensex only declining by 1.15% over the past week. While Adani Enterprises constitutes a large portion of its sector and has shown healthy long-term growth in net sales and operating profit, its recent financial struggles, including a high Debt to EBITDA ratio and consistent underperformance against benchmarks over the last three years, have contributed to its current price decline. The overall market sentiment appears to be cautious, reflecting concerns over the company's ability to manage debt and generate sustainable profits, which has likely influenced investor behavior negatively.