Why is Jain Irrigation falling/rising?

As of 21-Aug, Jain Irrigation Systems Ltd is experiencing a decline in its stock price, currently at Rs 51.25, which represents a decrease of Rs 1.1 or 2.1%. The stock has fallen after two consecutive days of gains, touching an intraday low of Rs 51.02. In terms of performance, the stock has shown a 4.70% increase over the past week, but it has declined by 4.04% over the past month and has a year-to-date drop of 24.71%. The company's operating profit has grown at an annual rate of 22.56%, but its profits have fallen by 46.5% over the past year, indicating a significant decline in profitability. Additionally, the company faces challenges such as poor management efficiency, a high Debt to EBITDA ratio of 8.85 times, and a low Return on Capital Employed (ROCE) of 3.89%, which contribute to the negative sentiment surrounding the stock.
In the broader market context, while Jain Irrigation's recent performance has been inline with the sector, the agriculture sector itself has seen a decline of 2.14%. The stock's performance over the past week has outpaced the Sensex, which has only increased by 1.74%. However, the stock's long-term performance remains concerning, with a 24.63% drop over the past year compared to a 1.35% increase in the Sensex. The high percentage of pledged promoter shares (44.59%) adds further downward pressure in a falling market, indicating a lack of confidence among investors. Overall, the combination of poor financial metrics and sector-wide declines contributes to the stock's current downward trajectory.