Why is Adani Green falling/rising?

As of 29-Oct, Adani Green Energy Ltd is experiencing a price increase, currently at 1,113.05, reflecting a rise of 108.5 or 10.8%. Today's price summary indicates that the stock has outperformed its sector by 8.94% and has gained after three consecutive days of decline. It opened with a gain of 2.53% and reached an intraday high of Rs 1145, marking a significant upward movement. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 46.24% compared to the 5-day average. However, the company faces challenges, including a high debt-to-equity ratio of 6.17, which raises concerns about its long-term fundamental strength.
In the broader market context, Adani Green has shown a short-term return of 7.00% over the past week, significantly outperforming the Sensex, which only gained 0.68% in the same period. Despite this recent uptick, the stock has underperformed over the past year, with a return of -32.01% compared to the Sensex's 5.76%. The rising promoter confidence, as evidenced by a 0.52% increase in their stake, suggests optimism about the company's future, but the high debt levels and flat results in the latest quarter indicate underlying weaknesses that could impact its performance moving forward.