Why is Jain Irrigation falling/rising?

As of 09-Sep, Jain Irrigation Systems Ltd is experiencing a decline in its stock price, currently at 52.51, which reflects a decrease of 0.75 or 1.41%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total drop of 7.88% during this period. Despite a healthy long-term growth rate in operating profit of 22.56%, the company's recent performance has been hampered by a significant drop in profits by 46.5% over the past year, leading to a return of -23.12%. Additionally, 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, which suggests a low ability to service its debt. Furthermore, 44.59% of promoter shares are pledged, adding downward pressure on the stock in a falling market.
In the broader market context, Jain Irrigation's short-term performance has underperformed compared to the benchmark, with a 1-week return of -1.41% against the Sensex's gain of 1.18%. While the stock has shown some resilience over the longer term with a 3-year return of 23.41%, it has still lagged behind the benchmark's return of 35.64% during the same period. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume by 76.02% against the 5-day average indicates a decline in investor participation, further contributing to the stock's downward movement.