Why is Signet Industrie falling/rising?

As of 14-Jul, Signet Industries Ltd is experiencing a price increase, currently at Rs 64.74, reflecting a rise of 1.69 or 2.68%. The stock has shown strong performance today, outperforming its sector by 2.55% and achieving a consecutive gain over the last two days with a total return of 5.01%. It opened with a gain of 2.68% and has consistently traded at this price level. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite a year-to-date decline of 9.83% and a one-year drop of 25.20%, the company has reported positive operating profit and net sales, which may contribute to the recent upward movement.
In the broader market context, Signet Industries has outperformed the Sensex in the short term, with a 1-week return of 5.25% compared to the benchmark's decline of 1.42%. However, the stock has underperformed over the longer term, with a significant drop in value over the past year. The company's high Debt to EBITDA ratio of 4.08 times raises concerns about its ability to service debt, which could impact investor sentiment. Despite these challenges, the stock's attractive valuation relative to peers and rising investor participation may be driving the recent price increase.