Why is Jain Irrigation falling/rising?

As of 17-Sep, Jain Irrigation Systems Ltd is currently priced at 57.16, reflecting an increase of 0.54 or 0.95%. The stock has shown a trend reversal by gaining after two consecutive days of decline. Despite this recent uptick, the stock's delivery volume has fallen significantly, down by 60.94% compared to the five-day average, indicating a decrease in investor participation. Over the past week, the stock has outperformed the Sensex, gaining 10.26% compared to the benchmark's 1.56%. However, the stock has underperformed over longer periods, with a year-to-date decline of 16.03% and a one-year return of -17.42%. The company's operating profit growth of 22.56% annually suggests healthy long-term potential, yet its profitability is hindered by a low Return on Capital Employed (ROCE) of 3.89% and a high Debt to EBITDA ratio of 8.85 times, raising concerns about its ability to service debt.
Broader market context indicates that while Jain Irrigation has shown strong short-term performance relative to the Sensex, its long-term outlook remains bleak, with a significant decline in profits by 46.5% over the past year. The stock's performance is further impacted by the high percentage of pledged promoter shares, which can exert downward pressure in a falling market. Despite its attractive valuation compared to peers, the company's flat sales growth and poor management efficiency contribute to a lack of confidence among investors, leading to a mixed sentiment surrounding its future performance.