Why is Signet Industrie falling/rising?

As of 11-Jun, Signet Industries Ltd is experiencing a slight decline in its stock price, currently at 64.50, reflecting a decrease of 0.1 or 0.15%. The stock has been on a downward trend, losing value for the past seven days and showing a significant drop of 13.46% during this period. In terms of performance relative to the market, the stock has underperformed with a one-week return of -6.18%, while the Sensex has gained 1.87%. Additionally, the stock's delivery volume has dramatically decreased by 96.86% compared to the five-day average, indicating falling investor participation. While the company reported positive results in March, including the highest operating profit to interest ratio and net sales, it also faces challenges such as a high Debt to EBITDA ratio of 4.08 times and low profitability, which contribute to a negative sentiment around its stock.
Broader market context shows that while the Sensex has increased by 3.85% over the past month, Signet Industries has posted a substantial gain of 31.63% in the same timeframe, indicating some recovery potential. However, the stock's year-to-date performance remains negative at -10.17%, and it has significantly lagged behind the market over the past year, with a return of -25.67% compared to the Sensex's 5.60%. This underperformance, coupled with concerns about the company's ability to service its debt and generate sustainable growth, suggests that investors may be cautious, leading to the recent decline in stock price.