Why is Adani Enterp. falling/rising?

As of 26-Aug, Adani Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 2,285.00, which represents a decrease of Rs 15.75 or 0.68%. The stock has been on a downward trend, losing 4.22% over the past week and 10.39% over the past month. It has also faced a consecutive fall for the last five days, with an intraday low of Rs 2,251. The stock is trading below its moving averages across various time frames, indicating weak performance. Despite a healthy long-term growth in net sales and operating profit, the company has declared negative results for the last three consecutive quarters, which has contributed to its recent price decline. Additionally, the company’s low return on capital employed and high debt to EBITDA ratio signal poor management efficiency and low profitability, further impacting investor sentiment.
In the broader market context, Adani Enterprises has underperformed against the benchmark Sensex, which has seen a decline of only 1.05% over the past week, compared to the stock's 4.22% drop. The stock's year-to-date performance is also concerning, with a decline of 9.65% while the benchmark has gained 3.39%. This consistent underperformance against the benchmark over the last three years, coupled with falling investor participation and a significant drop in delivery volume, suggests a lack of confidence among investors. The overall sector has also faced challenges, with the diversified sector falling by 2.49%, which may have further pressured Adani Enterprises' stock price.