Why is Adani Green falling/rising?

As of 23-Sep, Adani Green Energy Ltd's stock price is currently at 1,131.20, reflecting a decline of 21.1 points or 1.83%. Today's price summary indicates that the stock has underperformed its sector by 1.13% and has experienced a trend reversal after two consecutive days of gains. The stock reached an intraday high of Rs 1,179.2 but also touched a low of Rs 1,121, with more volume traded closer to the low price. Over the past week, the stock has shown a positive return of 14.56%, while its performance over the last month is up by 18.07%. Despite these short-term gains, the stock has faced significant challenges, including a high debt-to-equity ratio of 6.17 times, which indicates weak long-term fundamental strength, and a year-to-date return of -44.33%. In the broader market context, while the Sensex has shown a slight decline of 0.34% over the past week, Adani Green's performance has significantly outpaced this benchmark. However, the stock has underperformed the market over the last year, with a return of -44.33% compared to the Sensex's -3.33%. The company's recent positive financial results, including a 142.12% growth in net profit and consistent positive results over five consecutive quarters, have not been sufficient to offset concerns regarding its high debt levels and expensive valuation metrics, such as a PEG ratio of 2.6. The rising promoter confidence, with a 0.97% increase in their stake, suggests some optimism about the company's future, but the overall market sentiment remains cautious due to the significant debt burden.