Why is Jain Irrigation falling/rising?

As of 20-Aug, Jain Irrigation Systems Ltd is experiencing a price increase, currently at Rs 52.35, which reflects a rise of 1.62 or 3.19%. The stock has shown a positive trend recently, gaining 8.95% over the last two days and outperforming its sector by 0.96%. Despite this short-term gain, the stock has underperformed over longer periods, with a year-to-date decline of 23.09% and a one-year return of -22.58%. Factors contributing to its recent movement include healthy long-term growth indicated by an annual operating profit increase of 22.56%, but this is tempered by a significant drop in profits of 46.5% over the past year. Additionally, the company faces challenges such as low management efficiency, a high Debt to EBITDA ratio, and a substantial percentage of promoter shares being pledged, which could exert downward pressure on the stock.
Broader market context shows that while Jain Irrigation has gained in the short term, it has lagged behind the benchmark Sensex, which has risen by 1.64% over the past week. The agriculture sector, in which Jain operates, has also seen a gain of 2.12%. However, the stock's long-term performance remains concerning, with negative returns over one and three years compared to the broader market. This juxtaposition of short-term gains against a backdrop of long-term underperformance and financial challenges suggests that while there may be temporary optimism, significant risks remain that could affect future price movements.