Why is Adani Enterp. falling/rising?

As of 18-Aug, Adani Enterprises Ltd's stock price is rising, currently at 2,334.30, reflecting an increase of 52.25 (2.29%). The stock has shown a positive performance today, outperforming its sector by 0.51% and achieving a consecutive gain over the last two days with a total return of 2.34%. Despite this short-term uptick, the stock has experienced a decline of 10.09% over the past month and a significant drop of 24.94% over the last year. The company's financial health is mixed; while it has demonstrated healthy long-term growth with net sales increasing at an annual rate of 19.89%, it also faces challenges such as poor management efficiency, a low return on capital employed (ROCE) of 6.91%, and negative results for the last three consecutive quarters.
In the broader market context, Adani Enterprises has outperformed the Sensex in the short term, with a 1-week return of 2.23% compared to the benchmark's 0.83%. However, the stock has consistently underperformed against the benchmark over the last three years, with a return of -25.98% compared to the Sensex's 34.79%. The company's high debt-to-EBITDA ratio of 6.41 times and declining profitability metrics, including a return on equity of 7.07%, raise concerns about its ability to sustain growth. Despite its status as the largest company in its sector, these financial challenges may contribute to investor caution, impacting the stock's long-term performance.