Why is Adani Green falling/rising?

As of 15-Jul, Adani Green Energy Ltd's stock price is currently at 1,032.05, reflecting an increase of 6.3 points or 0.61%. The stock has shown a positive trend recently, outperforming its sector by 0.83% today and achieving a consecutive gain over the last two days with a total return of 3.77%. Over the past week, the stock has risen by 4.03%, while it has also posted a 4.28% increase over the last month. Despite these short-term gains, the company has a high debt-to-equity ratio of 6.17, indicating weak long-term fundamental strength, which may be a concern for investors. However, the company has reported positive results for the last four consecutive quarters, with significant growth in profit after tax and operating profit, which could be contributing to the recent upward movement in stock price.
In the broader market context, while Adani Green has shown positive short-term returns, it has significantly underperformed the benchmark index, Sensex, over the past year, with a decline of 40.72% compared to the Sensex's increase of 2.36%. This stark contrast highlights the challenges the company faces despite recent gains. Additionally, there has been a decrease in institutional investor participation, which may reflect a lack of confidence in the stock's long-term prospects. The stock's performance relative to the broader market and the concerns regarding its high debt levels suggest that while there may be short-term optimism, the long-term outlook remains uncertain.