Why is Adani Green falling/rising?

As of 25-Jun, Adani Green Energy Ltd is experiencing a decline in its stock price, currently at 980.90, which reflects a decrease of 6.2 points or 0.63%. The stock has underperformed its sector by 1.73% today and has seen a trend reversal after three consecutive days of gains. In terms of performance against benchmarks, the stock has shown a mixed picture; it has gained 1.17% over the past week but is down 0.59% over the last month and significantly down 45.43% over the past year. While the company has reported positive results in the last four quarters, including a 60.27% growth in PAT, it faces challenges due to a high debt-to-equity ratio of 6.17, indicating weak long-term fundamental strength. Additionally, the stock's valuation appears expensive with a PEG ratio of 3.1, despite profits rising by 33.8% over the same period.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.61% over the past week and 1.27% over the past month. The underperformance of Adani Green Energy Ltd is further compounded by a decrease in institutional investor participation, which has fallen by 0.56% over the previous quarter, indicating a lack of confidence among more sophisticated investors. This decline in institutional interest, combined with the stock's poor long-term performance relative to the BSE 500 and other benchmarks, suggests a challenging environment for the company moving forward.