Why is SignatureGlobal falling/rising?

As of 02-Sep, SignatureGlobal India Ltd's stock price is currently at 1,089.20, reflecting an increase of 14.8 points or 1.38%. Today's price movement indicates a trend reversal as the stock has gained after four consecutive days of decline. However, it is important to note that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend overall. Despite this, the company has shown strong financial performance with a significant growth in net sales and operating profit, and it has declared positive results for the last six consecutive quarters. Nevertheless, the stock has underperformed against the benchmark, with a year-to-date return of -19.56% compared to the Sensex's gain of 2.58%.
In the broader market context, SignatureGlobal's short-term performance has been weaker than the benchmark, as it has declined by 1.96% over the past week while the Sensex fell only 0.78%. This consistent underperformance against the benchmark over the last three years raises concerns among investors. Additionally, the stock's valuation appears expensive with a high price-to-book ratio, despite its profits increasing significantly. The falling investor participation, indicated by a 35.38% drop in delivery volume, further complicates the stock's outlook, suggesting that while there are positive growth indicators, the overall sentiment remains cautious.