Why is Jain Irrigation falling/rising?

As of 28-Aug, Jain Irrigation Systems Ltd is experiencing a price increase, currently at Rs 48.90, reflecting a rise of 1.54 or 3.25%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline. It outperformed its sector by 0.99% and reached an intraday high of Rs 49.49. However, despite this short-term gain, the stock has shown a negative return of -5.89% over the past month and -32.23% over the past year, indicating a significant decline in value. The company has healthy long-term growth potential, with an operating profit growth rate of 22.56%, but it also faces challenges such as a low return on capital employed (ROCE) of 3.89% and a high debt-to-EBITDA ratio of 8.85, which raises concerns about its profitability and ability to service debt.
In the broader market context, Jain Irrigation's recent performance contrasts with the benchmark Sensex, which has declined by only 2.34% over the past week. While the stock's short-term movement shows a positive trend, its long-term performance remains concerning, with a -32.23% return over the past year compared to the Sensex's -2.08%. The high percentage of pledged promoter shares (44.59%) may contribute to downward pressure in falling markets, further complicating the stock's outlook. Overall, while there are some positive indicators in the short term, the stock's long-term challenges and underperformance relative to the broader market suggest caution for investors.