Why is Jain Irrigation falling/rising?

As of 25-Jul, Jain Irrigation Systems Ltd is currently priced at 52.39, reflecting an increase of 0.21 or 0.4%. Despite this slight uptick, the stock has shown a negative performance over the past week, down 2.66%, and has significantly underperformed with a year-to-date decline of 23.04%. Today's trading activity indicates that Jain Irrigation is performing inline with its sector, but it is trading below all key moving averages, suggesting a bearish trend. Additionally, while there has been a notable increase in investor participation with a delivery volume rise of 128.74%, the company's fundamentals remain weak, highlighted by a 60.6% drop in profits over the past year and a concerning debt to EBITDA ratio of 8.85 times, indicating challenges in servicing debt.
In the broader market context, Jain Irrigation's recent performance contrasts sharply with the Sensex, which has gained 4.25% year-to-date. The stock's long-term outlook is further clouded by a -1.45% CAGR growth in net sales over the last five years and a significant portion of promoter shares (44.59%) being pledged, which can exert additional downward pressure in a declining market. Overall, while the stock has seen a minor increase today, the combination of weak fundamentals, poor long-term performance, and high debt levels suggests that the upward movement may not be sustainable in the face of broader market trends.