Why is Jain Irrigation falling/rising?

As of 22-Aug, Jain Irrigation Systems Ltd is experiencing a decline in its stock price, currently at Rs 49.94, which reflects a decrease of Rs 1.31 or 2.56%. The stock has been losing value for the past two days, with a total drop of 4.6% during this period. It has also underperformed in the short term, with a 1-month return of -5.65%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the company has seen a significant drop in investor participation, with delivery volume falling by 62.25% compared to the 5-day average. While Jain Irrigation has shown healthy long-term growth in operating profit, its recent performance has been marred by a substantial decline in profits and poor management efficiency, as evidenced by a low Return on Capital Employed (ROCE) of 3.89%.
In the broader market context, Jain Irrigation's short-term performance contrasts with the Sensex, which has gained 0.88% over the past week. Despite the stock's 1-week return of +2.02%, its year-to-date performance is significantly worse at -26.63%, while the Sensex has increased by 4.05% during the same period. The agriculture sector, in which Jain Irrigation operates, has also seen a decline of 2.57%, contributing to the negative sentiment surrounding the stock. The high Debt to EBITDA ratio of 8.85 times further exacerbates concerns about the company's ability to service its debt, adding to the downward pressure on the stock price. Overall, the combination of poor short-term performance, low profitability, and sector-wide challenges has led to the stock's recent decline.