Why is Adani Ports falling/rising?

As of 13-Aug, Adani Ports & Special Economic Zone Ltd's stock price is currently at 1,319.75, reflecting a decrease of 10.4 points or 0.78%. The stock has been experiencing a downward trend, having lost 1.57% over the last two days and showing a 3.43% decline over the past week. Although the stock has demonstrated healthy long-term growth with a 23.48% annual increase in net sales and a 31.85% rise in operating profit, it has underperformed in the short term, with a 1-year return of -11.05% compared to the Sensex's gain of 2.01%. The stock's current performance is also characterized by lower delivery volumes, which have fallen by 24.98% against the 5-day average, indicating a decrease in investor participation.
In the broader market context, while the stock has shown a year-to-date gain of 7.39%, it has lagged behind the benchmark index, which has increased by 3.07% during the same period. The stock's valuation appears expensive, with a high enterprise value to capital employed ratio, and despite positive results over the last ten quarters, the stock's performance has not aligned with its profit growth, as evidenced by a PEG ratio of 1.3. This disconnect between stock performance and underlying financial health may contribute to investor hesitance, leading to the recent decline in price.