Why is Adani Green falling/rising?

As of 29-Sep, Adani Green Energy Ltd's stock price is currently at 1,034.50, reflecting a decline of 11.85 points or 1.13%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 10.22% over that period. Despite positive financial results, including a significant growth in net profit and consistent positive quarterly results, the stock's high debt levels, indicated by a debt-equity ratio of 6.17, contribute to its weak long-term fundamental strength. Additionally, while the company has seen an increase in promoter confidence with a 0.97% rise in stake, the stock's valuation remains expensive with a PEG ratio of 2.4, which may deter investors.
In the broader market context, Adani Green's performance has been notably poor compared to the benchmark Sensex, which has only declined by 2.18% over the same one-week period. The stock's year-to-date performance shows a slight decline of 0.62%, contrasting with the Sensex's gain of 2.85%. Over the past year, Adani Green has underperformed significantly, with a return of -47.90% compared to the market's -6.08%. This stark difference highlights the challenges faced by the company, particularly in terms of market perception and investor sentiment, which are likely influencing the stock's current downward trajectory.