Why is Jain Irrigation falling/rising?

As of 15-Sep, Jain Irrigation Systems Ltd is currently priced at 56.86, reflecting a decrease of 0.41, or 0.72%. The stock has recently experienced a trend reversal, falling after two consecutive days of gains. Although the stock's performance today is in line with its sector, it has shown a significant increase of 6.76% over the past week and 16.16% over the past month. However, it has underperformed in the longer term, with a year-to-date decline of 16.47% and a one-year drop of 17.68%. The company's operating profit has grown at an annual rate of 22.56%, but it faces challenges such as a low return on capital employed (ROCE) of 3.89% and a high debt-to-EBITDA ratio of 8.85 times, which negatively impacts its profitability and ability to service debt.
In the broader market context, the stock's short-term performance has outpaced the Sensex, which has only increased by 1.24% over the past week and 1.47% over the past month. However, the stock's long-term performance has been disappointing, with a decline of 17.68% over the past year compared to a slight drop of 1.33% in the Sensex. The high percentage of pledged promoter shares, at 44.59%, adds additional downward pressure in a falling market, contributing to the stock's overall negative sentiment. Despite some positive indicators, such as rising investor participation and attractive valuations compared to peers, the combination of poor management efficiency and low profitability continues to weigh on Jain Irrigation's stock price.