Why is Signet Industrie falling/rising?

As of 29-Aug, Signet Industries Ltd is experiencing a price increase, currently at 55.00, reflecting a change of 0.94 or 1.74% upward. Today's price summary indicates that the stock has outperformed its sector by 1.28% and has shown a trend reversal after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend overall. Despite a significant drop of 26.68% over the past year, the company has seen a 49.1% increase in profits, which, combined with an attractive valuation indicated by a low PEG ratio of 0.2, may contribute to the recent price rise. Nonetheless, the stock faces challenges due to a high Debt to EBITDA ratio of 4.08 times and low profitability, as evidenced by a Return on Equity of only 6.18%.
In the broader market context, Signet Industries' short-term performance has been slightly better than the benchmark, with a 1-week return of -1.79% compared to the Sensex's -1.84%. However, the stock has underperformed the benchmark over longer periods, including a 5.66% decline over the past month against the Sensex's -1.88%. This underperformance in the long term, coupled with a significant drop in delivery volume, indicates a lack of investor confidence. The company's flat net sales and poor long-term growth prospects further complicate its market position, despite the recent uptick in stock price.