Why is Jain Irrigation falling/rising?

As of 16-Jul, Jain Irrigation Systems Ltd is experiencing a decline in its stock price, currently at 54.86, which reflects a decrease of 0.26 or 0.47%. The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in investor participation, with a delivery volume increase of 43.17% compared to the 5-day average, the stock has underperformed significantly over various periods, showing a 22.92% decline over the past year. The company's weak long-term fundamentals, including a negative CAGR growth in net sales and a high debt to EBITDA ratio, further contribute to the negative sentiment surrounding the stock.
In the broader market context, Jain Irrigation's performance has been notably worse than the benchmark, with a 1-week return of -3.36% compared to the Sensex's -1.08%. This underperformance is compounded by the company's substantial profit decline of 60.6% over the past year, alongside a low return on equity of 0.43%, which signifies poor profitability. While the stock is trading at a discount compared to its peers, the overall negative financial indicators and weak market sentiment suggest that investors are cautious, leading to the stock's current downward trajectory.