Why is Jain Irrigation falling/rising?

As of 22-Jul, Jain Irrigation Systems Ltd is experiencing a decline in its stock price, currently at 52.93, reflecting a change of -0.48, or -0.9%. The stock has underperformed its sector by -0.35% today and has been on a downward trend for the last five days, accumulating a total return of -3.97% during this period. Additionally, Jain Irrigation is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has also seen a significant drop in investor participation, with delivery volume decreasing by -23.29% compared to the 5-day average. Over the past year, the stock has generated a return of -25.44%, coinciding with a substantial profit decline of -60.6%, indicating weak financial performance. The high Debt to EBITDA ratio of 8.85 times and low Return on Equity of 0.43% further highlight the company's struggles, contributing to its negative sentiment among investors.
In the broader market context, Jain Irrigation's short-term performance has been notably worse than the benchmark, with a 1-week return of -3.97% compared to the Sensex's -0.47%. This underperformance is compounded by the company's long-term challenges, including a -1.45% CAGR growth in net sales over the last five years and a significant portion of promoter shares being pledged, which adds downward pressure in a declining market. The stock's valuation may appear attractive relative to peers, but the overall weak fundamentals and recent financial results have led to a lack of investor confidence, resulting in the stock's continued decline.