Why is Adani Green falling/rising?

As of 16-Jul, Adani Green Energy Ltd's stock price is currently at 1,038.60, reflecting an increase of 6.55 (0.63%). The stock has been gaining momentum, having outperformed its sector by 0.35% today and achieving a consecutive gain over the last three days with a total return of 4.42%. In the past week, the stock has risen by 4.32%, while it has shown a modest increase of 4.70% over the past month. Despite these recent gains, the stock has underperformed significantly over the past year, with a decline of 40.95%. Positive factors contributing to the recent rise include the company's strong financial performance over the last four quarters, with a notable growth in profit after tax and operating profit. However, the high debt levels and weak long-term fundamental strength, indicated by a debt-equity ratio of 6.17, present significant concerns for investors.
Broader Market Context: In the context of the broader market, the Sensex has experienced a decline of 1.08% over the past week, contrasting with Adani Green's positive performance during the same period. While the stock has shown some resilience in the short term, it has significantly lagged behind the market over the past year, where the BSE500 has generated a return of 0.47%. Additionally, the decrease in institutional investor participation, which has fallen by 0.56% in the previous quarter, suggests a lack of confidence among more sophisticated investors, potentially impacting the stock's long-term prospects.