Why is Jain Irrigation falling/rising?

As of 24-Sep, Jain Irrigation Systems Ltd is experiencing a decline in its stock price, currently at Rs 54.05, reflecting a decrease of Rs 2.2 or 3.91%. The stock has touched an intraday low of Rs 53.63, indicating a significant drop of 4.66% during the day. Over the past week, the stock has underperformed with a return of -5.44%, while its performance over the last month shows a positive return of 8.23%. However, the stock's long-term performance has been concerning, with a year-to-date decline of 20.60% and a one-year return of -18.62%. Factors contributing to this downward trend include poor management efficiency, as 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 debt. Additionally, the stock has seen a significant drop in investor participation, with delivery volume decreasing by 41.91% compared to the five-day average.
In the broader market context, Jain Irrigation's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.18% over the past week. The agriculture sector, in which Jain operates, has also faced challenges, falling by 3.57%. While the stock has shown some resilience with a positive return over the past month, its long-term outlook remains bleak, with a significant underperformance compared to the BSE500 index over various time frames. The high percentage of pledged promoter shares, at 44.59%, adds to the downward pressure on the stock, particularly in a falling market. Overall, these factors indicate a challenging environment for Jain Irrigation, contributing to its current price decline.