Why is Jain Irrigation falling/rising?

As of 16-Sep, Jain Irrigation Systems Ltd's stock price is currently at 56.62, reflecting a decrease of 0.24, or 0.42%. The stock has been experiencing a decline, having lost 1.13% over the last two days. Despite a strong performance over the past week and month, with returns of 7.83% and 15.67% respectively, the stock has underperformed significantly on a year-to-date basis, down 16.82%. Key factors contributing to this recent decline include a falling investor participation, as evidenced by a 46.35% drop in delivery volume compared to the five-day average. Additionally, while the company shows potential for long-term growth with a healthy operating profit growth rate of 22.56%, it suffers from poor management efficiency and a high Debt to EBITDA ratio of 8.85, which raises concerns about its ability to service debt and overall profitability.
Broader Market Context: In comparison to the benchmark Sensex, Jain Irrigation's short-term performance has been notably stronger, outperforming the index over the past week and month. However, the stock's year-to-date performance starkly contrasts with the Sensex's gain of 5.43%, highlighting the challenges Jain Irrigation faces in the broader market. The stock's underperformance over the past year, with a return of -19.37%, further emphasizes its struggles relative to the market, particularly given that 44.59% of promoter shares are pledged, which can exert additional downward pressure in a declining market.