Why is Adani Enterp. falling/rising?

As of 20-Aug, Adani Enterprises Ltd is experiencing a decline in its stock price, currently at 2,381.30, reflecting a decrease of 4.4 points or 0.18%. The stock has recently outperformed its sector by 0.26%, but it has also shown a trend reversal after three consecutive days of gains. In terms of performance over various periods, the stock has seen a 4.40% increase over the past week, but it has underperformed with a -8.28% return over the last month and a significant -22.46% decline over the past year. Despite healthy long-term growth in net sales and operating profit, the company faces challenges such as poor management efficiency, a high debt-to-EBITDA ratio, and negative results for the last three consecutive quarters, which contribute to its recent price movement.
In the broader market context, Adani Enterprises has underperformed against the benchmark Sensex, which has gained 1.64% over the past week and 4.76% year-to-date. The stock's long-term performance is concerning, with a -23.90% return over the past three years compared to a 37.24% increase in the benchmark. This consistent underperformance, coupled with the company's low profitability metrics and high debt levels, suggests that investor sentiment may be negatively impacted, leading to the current decline in stock price.