Why is Adani Green falling/rising?

As of 01-Jul, Adani Green Energy Ltd's stock price is currently at 1,015.70, reflecting a decrease of 9.95 points or 0.97%. Today's performance indicates that the stock has underperformed its sector by 0.78%, following a trend reversal after three consecutive days of gains. The stock's delivery volume has also seen a significant decline of 34.45% compared to the five-day average, suggesting falling investor participation. Over the past week, the stock has gained 2.90%, but it has underperformed in the longer term, with a year-to-date decline of 2.43% and a staggering 42.81% drop over the past year. While the company has reported positive financial results in the last four quarters, including a 60.27% growth in PAT, its high debt levels, reflected in a debt-equity ratio of 6.17, raise concerns about its long-term fundamental strength.
In the broader market context, the Sensex has shown a positive return of 2.00% over the past week and 7.11% year-to-date, indicating a stronger performance compared to Adani Green. This underperformance is compounded by a decrease in institutional investor participation, which has fallen by 0.56% in the last quarter, suggesting a lack of confidence among more knowledgeable investors. The stock's valuation appears expensive with a ROCE of 7.4 and a PEG ratio of 3.2, despite its recent profit growth. Overall, the combination of high debt, declining investor interest, and poor long-term performance relative to the benchmark contributes to the stock's current downward movement.