Why is Adani Enterp. falling/rising?

As of 07-Aug, Adani Enterprises Ltd's stock price is currently at 2,249.60, reflecting a decrease of 50.8 points or 2.21%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.85% during this period. It has also underperformed its sector by 1.07% today. The stock has experienced significant losses over various time frames, including a 7.46% drop over the past week and a 12.58% decline over the past month. Additionally, the company has reported negative results for the last three consecutive quarters, with a low Return on Capital Employed (ROCE) of 6.91% and a high Debt to EBITDA ratio of 6.41 times, indicating poor management efficiency and low profitability.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a 1-year return of -29.37% compared to a modest gain of 1.45% for the Sensex. This consistent underperformance against the benchmark over the last three years highlights the challenges faced by Adani Enterprises Ltd. Despite its healthy long-term growth in net sales and operating profit, the company's financial difficulties, including a significant decline in profitability and increasing debt levels, have contributed to the negative sentiment surrounding its stock price.