Why is Adani Green falling/rising?

As of 21-Jul, Adani Green Energy Ltd is experiencing a price increase, currently at 1,036.55, reflecting a rise of 7.55 (0.73%). The stock has outperformed its sector today by 0.77%, and its performance over the past week and month shows positive trends, with returns of +1.05% and +9.30%, respectively. However, despite these short-term gains, the stock has underperformed significantly over the past year, with a decline of -39.86%. The company has reported positive results in the last four consecutive quarters, with a notable growth in profit after tax and operating profit, but it is burdened by high debt, indicated by a debt-equity ratio of 6.17, which raises concerns about its long-term fundamental strength.
Broader market context reveals that while Adani Green has shown some resilience in the short term, it has lagged behind the broader market, which has generated returns of +1.63% over the past year. The stock's liquidity remains adequate for trading, but there is a concerning trend of falling investor participation, particularly among institutional investors, who have reduced their stake. This decline in institutional interest, combined with the stock's high valuation metrics and significant underperformance relative to the market, suggests that while there may be some short-term upward movement, the overall outlook remains cautious.