Why is Signet Industrie falling/rising?

As of 15-Sep, Signet Industries Ltd is experiencing a rise in its stock price, currently at Rs 56.85, reflecting an increase of Rs 2.56 or 4.72%. The stock has shown positive momentum, gaining for the last two days with a total return of 4.97% during this period. It has outperformed its sector by 4.78% today and reached an intraday high of Rs 57.11. Despite a year-to-date decline of 20.82%, the stock has performed better over the past month with a return of 7.16%. The company has attractive valuation metrics, including a return on capital employed (ROCE) of 12.6 and a low PEG ratio of 0.2, indicating that it is trading at a discount compared to its peers. However, concerns about its high debt-to-EBITDA ratio of 4.08 times and low return on equity of 6.18% suggest challenges in servicing debt and profitability.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.24% over the past week, while Signet Industries has declined by 1.86% in the same timeframe. This indicates that while the stock is currently rising, it has struggled against the benchmark in the short term. The company's long-term growth prospects appear weak, with net sales growing at only 8.41% annually over the past five years, which may contribute to investor caution despite recent gains. Overall, the stock's recent upward movement can be attributed to short-term positive sentiment and valuation attractiveness, but it remains under pressure from longer-term performance issues and market comparisons.