Why is Signet Industrie falling/rising?

As of 13-Aug, Signet Industries Ltd is currently priced at 55.15, reflecting an increase of 0.95 or 1.75%. The stock has shown a trend reversal by gaining after three consecutive days of decline, outperforming its sector by 0.85%. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Over the past month, the stock has declined by 12.53%, and its year-to-date performance shows a significant drop of 23.19%. Despite these declines, the company has an attractive valuation with a return on capital employed (ROCE) of 12.6 and is trading at a discount compared to its peers. However, it faces challenges such as a high debt-to-EBITDA ratio of 4.08, which indicates a low ability to service debt, and a modest growth rate in net sales and operating profit over the last five years.
In the broader market context, the Sensex has experienced a slight decline of 0.01% over the past week, while Signet Industries has shown a more pronounced drop in its short-term performance. The stock's year-to-date return of -23.19% starkly contrasts with the Sensex's positive return of 3.07%, highlighting its underperformance relative to the market. This underperformance is further emphasized by the stock's negative returns over the past year and its inability to generate significant shareholder value, as indicated by a low average return on equity of 6.18%. Overall, while there are some positive factors such as attractive valuation metrics, the stock's recent price movement is primarily influenced by its ongoing struggles with profitability and debt management.