Why is Adani Enterp. falling/rising?

As of 18-Sep, Adani Enterprises Ltd is experiencing a slight decline in its stock price, currently at 2,401.85, reflecting a decrease of 0.75 or 0.03%. The stock has shown a trend reversal, falling after two consecutive days of gains. Although it outperformed its sector by 0.27% today, the stock's delivery volume has decreased by 21.59% against the five-day average, indicating falling investor participation. Over the past week, the stock has gained 0.05%, while its performance over the last month shows a modest increase of 2.89%. However, it has underperformed significantly on a year-to-date basis with a decline of 5.03% and a substantial drop of 18.70% over the past year. The company's profitability has also been a concern, with profits falling by 20.9% despite a healthy long-term growth in net sales and operating profit.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has risen by 1.80% over the past week and 6.24% year-to-date. This consistent underperformance against the benchmark, coupled with negative results over the last three consecutive quarters, has contributed to a lack of investor confidence. The company's low return on capital employed and high debt to EBITDA ratio further exacerbate concerns about its financial health. While the stock is trading at a discount compared to its peers, the overall market sentiment and the company's declining profitability metrics suggest that the stock's recent movement is influenced by a combination of internal challenges and broader market dynamics.