Why is Adani Enterp. falling/rising?

As of 13-Aug, Adani Enterprises Ltd is experiencing a decline in its stock price, currently at 2,280.90, reflecting a decrease of 10.15 points or 0.44%. The stock has underperformed its sector by 0.52% today and has fallen after two consecutive days of gains. In terms of returns, the stock has seen a 1-week decline of 0.85%, a 1-month drop of 11.05%, and a year-to-date decrease of 9.81%. The company has reported negative results for the last three consecutive quarters, with a significant decline in profitability, as evidenced by a low Return on Capital Employed (ROCE) of 6.91% and a high Debt to EBITDA ratio of 6.41 times. These financial challenges, coupled with a consistent underperformance against benchmarks over the past three years, contribute to the stock's downward trend.
In the broader market context, the Sensex has remained relatively stable, with a negligible change of -0.01% over the past week, contrasting with Adani Enterprises' more significant declines. The stock's performance has lagged behind the benchmark, with a 1-year return of -26.22% compared to the Sensex's gain of 2.01%. This stark difference highlights the stock's struggles in a market that has generally shown resilience. The falling investor participation, indicated by a 48.66% drop in delivery volume, further suggests a lack of confidence among investors, reinforcing the stock's negative trajectory amidst a stable market backdrop.