Why is Adani Green falling/rising?

As of 15-Sep, Adani Green Energy Ltd's stock price is currently at 987.00, reflecting an increase of 5.4 (0.55%). The stock has shown strong performance recently, gaining 6.22% over the last six days and outperforming its sector by 0.32% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant year-to-date decline of 5.19% and a troubling one-year return of -44.79%, the company has reported very positive financial results, including a 142.12% growth in net profit and consistent positive results for the last five quarters. Additionally, rising promoter confidence, with a 0.97% increase in their stake, indicates a belief in the company's future potential, although the high debt levels and expensive valuation remain concerning factors.
In the broader market context, Adani Green's short-term return of +5.22% over the past week significantly outpaces the Sensex's gain of +1.24% during the same period. While the stock has struggled in the long term, underperforming both the BSE500 and its peers, the recent positive financial indicators and promoter confidence may be contributing to its current upward movement. However, the high debt-to-equity ratio and expensive valuation metrics suggest that caution is warranted despite the recent gains.