Why is Adani Ports falling/rising?

As of 25-Sep, Adani Ports & Special Economic Zone Ltd is experiencing a decline in its stock price, currently at 1,406.90, which reflects a decrease of 24.4 points or 1.7%. The stock has been on a downward trend, having lost 2.6% over the last three days. Despite this recent decline, the stock has shown positive performance over the past month with a gain of 4.97%, and it has outperformed the benchmark Sensex over the year-to-date with a return of 14.48% compared to the Sensex's 3.87%. However, the stock's delivery volume has decreased by 7.49% against the 5-day average, indicating falling investor participation. The stock remains liquid enough for trading, with a value of Rs 12.16 crore based on 2% of the 5-day average traded value.
In the broader market context, Adani Ports' recent performance contrasts with the benchmark Sensex, which has declined by 2.23% over the past week. The company's strong fundamentals, including consistent positive results for the last ten quarters, a healthy growth rate in net sales, and a low debt-equity ratio, suggest a solid long-term outlook. Additionally, high institutional holdings at 28.66% indicate confidence from more sophisticated investors. However, the recent consecutive falls in stock price and reduced trading volume may reflect short-term market sentiment that is cautious despite the company's strong fundamentals.