Why is Adani Green falling/rising?

As of 24-Sep, Adani Green Energy Ltd's stock is currently priced at 1,094.40, reflecting a decrease of 36.8 points or 3.25%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.02% during this period. Despite a recent positive trend over the past week and month, with returns of +11.71% and +14.23% respectively, the stock's performance over the past year shows a significant decline of 47.11%. The company's financials indicate strong growth in net profit and operating cash flow, alongside rising promoter confidence, as they have increased their stake in the company. However, the high debt-to-equity ratio of 6.17 times raises concerns about long-term fundamental strength, contributing to the stock's recent downward movement.
In the broader market context, Adani Green's performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has shown a slight decline of 1.18% over the past week. While the stock has experienced a notable rise in investor participation, the overall sentiment in the power generation sector has been negative, with a sector decline of 2.2%. This combination of high debt levels, expensive valuations, and a significant drop in stock price compared to the market suggests that investor confidence may be wavering, leading to the current decline in stock value.