Why is Adani Green falling/rising?

As of 27-Jun, Adani Green Energy Ltd's stock price is currently at 1,015.75, reflecting an increase of 23.6 points or 2.38%. The stock has shown positive momentum recently, gaining for the last two days with a total return of 3.55% during this period. It outperformed its sector by 1.39% today and reached an intraday high of Rs 1,046.9, which is a 5.52% increase. However, the stock's performance over the longer term remains concerning, with a year-to-date decline of 2.43% and a significant drop of 43.81% over the past year. While the company has reported positive results for the last four consecutive quarters, including a 60.27% growth in PAT, its high debt levels and weak long-term fundamentals, indicated by a Debt-Equity Ratio of 6.17 times, raise red flags for investors.
In the broader market context, Adani Green's short-term return of 7.11% over the past week significantly outpaces the Sensex's return of 2.00% during the same period. Despite this recent outperformance, the stock has struggled in the longer term, underperforming the benchmark over the past year and three years. Additionally, falling participation from institutional investors, who have reduced their stake by 0.56%, suggests a lack of confidence in the stock's future performance. This combination of short-term gains amidst long-term challenges reflects a complex situation for Adani Green, where positive quarterly results are overshadowed by concerns over debt and valuation.