Why is Jain Irrigation falling/rising?

As of 11-Jul, Jain Irrigation Systems Ltd is experiencing a decline in its stock price, currently at Rs 54.85, which reflects a decrease of Rs 1.65 or 2.92%. The stock has underperformed its sector by 0.41% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.38%. Over the past week, the stock has fallen by 4.58%, and in the last month, it has seen a significant drop of 14.01%. Additionally, the company's profits have decreased by 60.6% over the past year, contributing to a one-year return of -29.44%. The stock is trading below all key moving averages, indicating a bearish trend, and has seen a substantial drop in investor participation, with delivery volume falling by 47.82% compared to the five-day average.
In the broader market context, Jain Irrigation's performance has been notably weaker than the benchmark Sensex, which has shown a slight decline of only 1.12% over the past week. The agriculture sector, in which Jain operates, has also faced a downturn, falling by 2.43%. The company's long-term fundamentals are weak, with a negative CAGR growth in net sales over the last five years and a high debt-to-EBITDA ratio, indicating challenges in servicing its debt. These factors, combined with the stock's significant underperformance relative to both its peers and the broader market, suggest a lack of confidence among investors, leading to the current decline in stock price.