Why is Adani Enterp. falling/rising?

As of 04-Sep, Adani Enterprises Ltd's stock price is currently at 2,278.45, reflecting a decrease of 9.1 points or 0.4%. The stock's performance today is in line with the sector, but it is trading lower than the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has gained 0.21%, but it has seen a decline of 3.63% over the past month and a significant drop of 24.37% over the last year. The company has reported a decrease in investor participation, with delivery volume falling by 51.86% compared to the 5-day average. While the company has shown healthy long-term growth in net sales and operating profit, it has also faced challenges such as poor management efficiency, negative results for the last three consecutive quarters, and a high Debt to EBITDA ratio, which have contributed to its recent price movement.
In the broader market context, Adani Enterprises has underperformed against the benchmark, with a year-to-date return of -9.91% compared to the Sensex's gain of 3.30%. The stock's consistent underperformance over the last three years, coupled with a significant decline in profitability and negative quarterly results, has led to a lack of investor confidence. Despite being the largest company in its sector and trading at a discount compared to peers, the combination of low return on capital employed and high debt levels has raised concerns about its future performance, further impacting its stock price negatively.