Why is Adani Green falling/rising?

As of 30-Jun, Adani Green Energy Ltd's stock price is currently at 1,025.65, reflecting an increase of 9.9 points or 0.97%. The stock has shown a positive trend recently, gaining 4.56% over the last three days and outperforming its sector by 1.05% today. Despite a year-to-date decline of 1.47% and a significant drop of 42.64% over the past year, the company has reported positive results for the last four consecutive quarters, with a notable growth in profit after tax and operating profit. However, the high debt level, indicated by a debt-equity ratio of 6.17 times, raises concerns about its long-term fundamental strength, which may temper investor enthusiasm.
In the broader market context, Adani Green's short-term performance has significantly outpaced the Sensex, which has only increased by 2.09% over the past week. While the stock has shown some recovery in the short term, it still faces challenges with a negative return over the past year and a decline in institutional investor participation, which has decreased by 0.56% in the last quarter. This suggests that while there is some positive momentum in the stock's recent performance, broader concerns regarding its long-term viability and market perception may continue to influence its price movements.