Why is Signet Industrie falling/rising?

As of 10-Sep, Signet Industries Ltd is currently priced at 55.20, reflecting a slight increase of 0.16 or 0.29%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 0.87%. Despite this uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -22.24%, while its profits have increased by 49.1%, indicating a low PEG ratio of 0.2, which suggests an attractive valuation compared to peers. However, the company faces challenges with a high Debt to EBITDA ratio of 4.08 times, indicating a low ability to service debt and contributing to its poor long-term growth prospects.
In the broader market context, the stock has underperformed the Sensex, which has gained 1.06% over the past week, while Signet Industries has declined by 3.16%. This trend of underperformance is consistent with its returns over the past month and year, where it has also lagged behind the benchmark. The stock's liquidity appears sufficient for trading, but the overall negative sentiment surrounding its long-term growth and profitability may be weighing on investor confidence, despite the recent price increase.