Why is Adani Ports falling/rising?

As of 05-Sep, Adani Ports & Special Economic Zone Ltd is experiencing a decline in its stock price, currently at 1,321.90, which reflects a decrease of 8.9 points or 0.67%. The stock has been losing value for the last three days, with a total return of -1.05% during this period. Although the stock is performing inline with its sector today, it is currently lower than its 5-day, 20-day, 50-day, and 100-day moving averages, despite being above the 200-day moving average. The stock's performance over the past month shows a decline of 2.63%, while it has increased by 7.57% year-to-date. Positive factors include strong long-term growth with net sales increasing at an annual rate of 23.48% and operating profit at 31.85%. However, the stock's valuation appears expensive with a high enterprise value to capital employed ratio, and it has generated a negative return of -9.79% over the past year despite a profit increase of 19.1%.
In the broader market context, the Sensex has shown a return of +1.13% over the past week, while Adani Ports has only gained 0.61%, indicating underperformance relative to the benchmark. The stock's recent decline can be attributed to falling investor participation, as evidenced by a 17.46% drop in delivery volume compared to the 5-day average. Additionally, while institutional holdings are high at 28.66%, suggesting confidence from larger investors, the stock's current performance and valuation metrics may deter retail investors. Overall, the combination of recent price declines, high valuation concerns, and lower trading volumes contributes to the stock's negative momentum in the market.