Why is Adani Green falling/rising?

As of 18-Jul, Adani Green Energy Ltd is experiencing a decline in its stock price, currently at Rs 1,029.00, which reflects a decrease of Rs 20.6 or 1.96%. The stock has underperformed its sector today by 1.26% and has seen a trend reversal after four consecutive days of gains. It touched an intraday low of Rs 1,025, indicating a drop of 2.34%. Over the past week, the stock has gained 3.46%, while its one-year return stands at a significant decline of 41.16%. Despite positive financial results in the last four quarters, including a 60.27% growth in PAT, the company faces challenges due to a high debt-to-equity ratio of 6.17, which raises concerns about its long-term fundamental strength.
In the broader market context, Adani Green's short-term performance has been relatively better than the benchmark Sensex, which has declined by 0.90% over the past week. However, the stock's year-to-date performance is lagging behind the Sensex, which has gained 4.63%. Additionally, institutional investors have reduced their stakes by 0.56% in the previous quarter, indicating a lack of confidence in the stock's future prospects. This decline in institutional participation, coupled with the stock's significant underperformance compared to the broader market over the past year, suggests that investor sentiment is currently negative, contributing to the recent price drop.