Why is Adani Green falling/rising?

As of 11-Jul, Adani Green Energy Ltd's stock price is currently at 994.60, reflecting a decrease of 1.0 (-0.1%). The stock has shown a trend reversal, falling after three consecutive days of gains. In terms of recent performance, the stock has underperformed with a return of -0.26% over the past week and -4.92% over the past month, while the Sensex has declined by 1.12% and remained nearly flat at -0.02%, respectively. Despite positive results in the last four consecutive quarters, including a significant growth in PAT and PBT, the company's high debt levels, indicated by a Debt-Equity Ratio of 6.17, raise concerns about its long-term fundamental strength. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 30.24% against the five-day average, which may further contribute to the stock's downward movement.
In the broader market context, Adani Green's recent performance contrasts with the benchmark, as it has generated negative returns while the Sensex has shown resilience. The stock's long-term performance has been particularly poor, with a staggering -43.06% return over the past year, significantly underperforming the BSE500 index. Institutional investors have also reduced their stakes, indicating a lack of confidence in the stock's future prospects. This combination of high debt, declining investor participation, and poor relative performance suggests that the stock is facing significant challenges, contributing to its current decline.