Why is Adani Green falling/rising?

As of 23-Jul, Adani Green Energy Ltd's stock price is currently at 1,034.00, reflecting an increase of 18.0 (1.77%). The stock has shown a performance today that outperformed its sector by 1.39%, reaching an intraday high of Rs 1,038, which is a 2.17% increase. However, despite this positive movement, the stock has experienced a decline of 0.44% over the past week and a significant drop of 39.81% over the last year. The company has reported positive results for the last four consecutive quarters, with a notable growth in profit after tax (PAT) of 60.27% in the latest six months. Nonetheless, the high debt levels, indicated by a debt-equity ratio of 6.17 times, and a relatively expensive valuation with a PEG ratio of 3.2, contribute to concerns about its long-term fundamental strength.
In the broader market context, while the Sensex has shown a slight increase of 0.11% over the past week and a more substantial gain of 5.87% year-to-date, Adani Green's performance has lagged behind, particularly with a year-to-date return of -0.67%. This underperformance is compounded by a decrease in institutional investor participation, which has fallen by 0.56% over the previous quarter, indicating a lack of confidence among larger investors. The stock's recent price movement, despite today's gains, reflects ongoing concerns about its high debt levels and overall market sentiment, which has not favored it in comparison to the broader market trends.