Why is Jain Irrigation falling/rising?

As of 08-Jul, Jain Irrigation Systems Ltd is currently priced at 56.11, reflecting a decrease of 0.3, or 0.53%. The stock has been experiencing a downward trend, having lost 2.38% over the last two days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 3.26%, and its performance over the last month shows an 8.60% drop. Additionally, the company has reported a significant profit decline of 60.6% over the past year, contributing to its underperformance with a return of -21.56%. The stock's weak long-term fundamentals, including a negative CAGR growth in net sales and a high debt-to-EBITDA ratio, further exacerbate its challenges.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting with Jain Irrigation's decline. While the stock has been liquid enough for trading, the falling investor participation, indicated by a 1.34% drop in delivery volume, suggests a lack of confidence among investors. The stock's performance has been notably below that of the BSE500 index over various time frames, including the last three years and one year, highlighting its struggle to keep pace with the market. Overall, the combination of weak financial metrics and poor recent performance relative to the benchmark contributes to the stock's downward trajectory.