Why is Jain Irrigation falling/rising?

As of 08-Sep, Jain Irrigation Systems Ltd is currently priced at 53.26, reflecting a decline of 0.53, or 0.99%. The stock has been experiencing a downward trend, having lost 6.56% over the last three days. While it has shown a positive return of 15.73% over the past month, its year-to-date performance remains poor at -21.76%. The stock is trading above its 20-day and 50-day moving averages but below its 5-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 66.67% compared to the 5-day average. Despite a healthy long-term growth rate in operating profit of 22.56%, the company faces challenges such as a low return on capital employed (ROCE) of 3.89%, high debt levels, and a substantial decline in profits by 46.5% over the past year, contributing to the stock's recent decline.
In the broader market context, Jain Irrigation's performance over the past week has outpaced the Sensex, with a return of 2.62% compared to the benchmark's 0.53%. However, the stock's long-term performance has been lackluster, underperforming the BSE500 over various time frames, including the last year and three years. The high percentage of pledged promoter shares, currently at 44.59%, adds to the downward pressure on the stock, particularly in a falling market. Overall, while there are some positive indicators for Jain Irrigation, the combination of poor management efficiency, high debt levels, and declining profitability has led to its recent price decline.