Why is Jain Irrigation falling/rising?

As of 18-Jul, Jain Irrigation Systems Ltd is experiencing a decline in its stock price, currently at 53.82, which reflects a decrease of 0.88 or 1.61%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 2.36% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company's performance over the past year has been poor, with a return of -26.07% and a significant drop in profits by 60.6%. The weak long-term fundamentals, including a negative CAGR growth in net sales and a high debt-to-EBITDA ratio, further contribute to the stock's downward movement.
In the broader market context, Jain Irrigation's short-term performance has been worse than the benchmark, with a 1-week return of -1.88% compared to the Sensex's -0.90%. This underperformance is compounded by a notable decrease in investor participation, as evidenced by a 53.06% drop in delivery volume against the 5-day average. While the stock is trading at a discount compared to its peers, the overall sentiment remains negative due to its inability to generate adequate returns and service debt effectively. Consequently, the combination of weak financial metrics and declining investor interest has led to the stock's current downward trajectory.