Why is Jain Irrigation falling/rising?

As of 29-Aug, Jain Irrigation Systems Ltd is currently priced at 49.74, reflecting an increase of 0.84 or 1.72%. The stock has shown a consecutive gain over the last two days, rising by 5.03% during this period. However, it has underperformed its sector by 0.38% today and has a mixed performance in the longer term, with a year-to-date decline of 26.93% and a one-year return of -29.65%. The company's operating profit has grown at an annual rate of 22.56%, indicating healthy long-term growth potential. However, it also faces challenges such as a low Return on Capital Employed (ROCE) of 3.89%, a high Debt to EBITDA ratio of 8.85 times, and a significant portion of promoter shares (44.59%) being pledged, which adds downward pressure on the stock price.
In the broader market context, Jain Irrigation's short-term performance has been relatively better compared to the benchmark, as it has outperformed the Sensex by 1.44% over the past week, despite a decline of 4.31% over the past month compared to the Sensex's drop of 1.88%. The stock's liquidity remains adequate for trading, but the falling investor participation, with a significant drop in delivery volume, raises concerns about sustained interest. Overall, while there are some positive indicators for Jain Irrigation, the combination of poor management efficiency, low profitability, and high debt levels continues to weigh on investor sentiment, contributing to its fluctuating stock price.