Why is Signet Industrie falling/rising?

As of 02-Jul, Signet Industries Ltd is experiencing a price increase, with its current price at Rs 64.98, reflecting a rise of 1.97 (3.13%). The stock has outperformed its sector today by 3.8% and has shown consecutive gains over the last two days, accumulating a total return of 8.28% during this period. However, it opened the day with a loss of 3.09% and reached an intraday low of Rs 60 before recovering to its current price. Despite the recent gains, the stock has underperformed over the past month, with a decline of 12.81%, and has generated a negative return of 25.47% over the last year. The company has reported positive financial results, including the highest operating profit to interest ratio and net sales, but it also faces challenges such as a high Debt to EBITDA ratio and low profitability, which may impact investor sentiment.
In the broader market context, Signet Industries' short-term performance has been notably better than the benchmark, with a 1-week return of 3.14% compared to the Sensex's 0.79%. However, the stock's longer-term performance remains concerning, as it has significantly underperformed the market over the past year, where the benchmark has returned 5.00% while Signet has declined by 25.47%. This disparity highlights the challenges the company faces in achieving sustainable growth and profitability, which could affect its future stock price movements.