Why is Jain Irrigation falling/rising?

As of 04-Sep, Jain Irrigation Systems Ltd's stock price is currently at Rs 54.50, reflecting a decrease of Rs 2.5 or 4.39%. Today's price summary indicates that the stock has underperformed its sector by 1.49% and has experienced a trend reversal after five consecutive days of gains. The stock touched an intraday low of Rs 54.5, and the weighted average price suggests that more volume was traded close to this low price. Over the past week, the stock has shown a positive return of 11.45%, but it has generated a negative return of 22.01% over the past year, with profits declining by 46.5%. The company faces challenges such as poor management efficiency, indicated by a low Return on Capital Employed (ROCE) of 3.89%, and a high Debt to EBITDA ratio of 8.85 times, which affects its ability to service debt and contributes to its overall negative performance.
In the broader market context, Jain Irrigation's recent performance contrasts with the Sensex, which has only increased by 0.80% over the past week. While the stock has shown some resilience in the short term, its long-term outlook remains concerning, with a significant decline in returns over the past year and three years compared to the benchmark. The agriculture sector, in which Jain operates, has also fallen by 2.91%, adding to the downward pressure on the stock. The high percentage of pledged promoter shares (44.59%) further exacerbates the situation, as it can lead to additional downward pressure in falling markets. Overall, the combination of weak financial metrics and sector performance contributes to the stock's current decline.