Why is Adani Enterp. falling/rising?

As of 12-Nov, Adani Enterprises Ltd's stock price is rising, currently at 2,484.10, reflecting an increase of 117.8 or 4.98%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline, outperforming its sector by 2.78%. The stock reached an intraday high of Rs 2,516, showing a 6.33% increase. However, despite this short-term gain, the stock has underperformed over the past month with a decline of 2.61% and a year-to-date drop of 1.78%. The company has reported healthy long-term growth with net sales increasing at an annual rate of 19.13%, but it also faces challenges such as poor management efficiency, a low return on capital employed (ROCE) of 5.90%, and negative results for the last four consecutive quarters, which may impact investor sentiment. In the broader market context, the stock's short-term performance of +2.70% over the past week has outpaced the benchmark Sensex, which gained only 1.21% in the same period. However, the stock has significantly underperformed the market over the last year, with a return of -13.34% compared to the Sensex's 7.36%. This contrast highlights the stock's volatility and the challenges it faces despite its recent uptick. The high debt-to-EBITDA ratio of 13.38 times raises concerns about the company's ability to service its debt, which could deter long-term investors even as short-term movements show some recovery.