Why is Jain Irrigation falling/rising?

As of 07-Jul, Jain Irrigation Systems Ltd is experiencing a decline in its stock price, currently at Rs 56.41, which reflects a decrease of Rs 1.07 or 1.86%. The stock has underperformed its sector by 0.46% today and reached an intraday low of Rs 56.03, marking a drop of 2.52%. Over the past week, the stock has fallen by 2.72%, and its performance over the last month shows a significant decline of 8.11%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also decreased by 27.54% compared to the 5-day average, indicating falling investor participation. Despite an attractive valuation with a low enterprise value to capital employed ratio, the stock has generated a negative return of 22.27% over the past year, coinciding with a substantial profit decline of 60.6%.
In the broader market context, Jain Irrigation's recent performance contrasts sharply with the Sensex, which has gained 1.53% over the past month and 6.79% year-to-date. The stock's weak long-term fundamentals, highlighted by a negative CAGR growth in net sales and a high debt to EBITDA ratio, further contribute to its downward trajectory. The company's low return on equity and poor profitability metrics signal challenges in servicing debt and maintaining investor confidence. Overall, Jain Irrigation's underperformance relative to the benchmark indices over various time frames underscores the difficulties it faces in the current market environment.