Why is Adani Green falling/rising?

As of 28-Jul, Adani Green Energy Ltd's stock price is currently at 1,004.55, reflecting an increase of 28.6 points or 2.93%. Today's price summary indicates that the stock has outperformed its sector by 3.04% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock reached an intraday high of Rs 1013.65, and there has been a significant increase in investor participation, with delivery volume rising by 220.42% compared to the 5-day average. Despite a year-to-date decline of 3.50% and a substantial 44.38% drop over the past year, the company has reported very positive financial results, including a 142.12% growth in net profit and positive results for the last five consecutive quarters, which may have contributed to the recent uptick in stock price.
In the broader market context, while the Sensex has shown a decline of 1.59% over the past week, Adani Green's short-term performance has been relatively better, indicating some resilience. However, the stock has underperformed significantly over the past year compared to the broader market, which has only declined by 0.54%. The company's high debt levels, reflected in a debt-equity ratio of 6.17, and a relatively expensive valuation with a PEG ratio of 2.3, suggest underlying weaknesses that could impact long-term investor sentiment. Despite the recent positive movements, the stock's overall performance remains concerning when viewed against its historical returns and the broader market trends.