Why is Adani Green falling/rising?

As of 16-Sep, Adani Green Energy Ltd is currently priced at 987.45, reflecting a slight increase of 0.45 (0.05%). The stock has shown a positive trend recently, gaining 6.27% over the last seven days, although it has underperformed its sector by 0.71% today. In terms of returns, the stock has increased by 4.65% over the past week and 7.66% over the past month, despite a year-to-date decline of 5.14% and a significant drop of 48.70% over the past year. Positive factors contributing to the stock's recent movement include a remarkable growth in net profit of 142.12% and consistent positive results over the last five quarters. Additionally, rising promoter confidence, with a 0.97% increase in their stake, indicates a belief in the company's future prospects. However, the company faces challenges with a high debt-to-equity ratio of 6.17 times, which raises concerns about its long-term fundamental strength.
In the broader market context, Adani Green's short-term performance has outpaced the Sensex, which has only risen by 1.58% over the past week. Despite this, the stock's long-term performance remains concerning, having underperformed the BSE500 over the last three years, one year, and three months. The stock's valuation appears expensive with a return on capital employed (ROCE) of 7.3 and a PEG ratio of 2.3, suggesting that while recent results are promising, the overall long-term outlook is clouded by high debt and underperformance relative to market benchmarks.