Why is Signet Industrie falling/rising?

As of 16-Sep, Signet Industries Ltd is currently priced at 55.00, reflecting a decline of 1.85, or 3.25%. The stock has underperformed its sector by 4.42% today and has experienced a trend reversal, falling after two consecutive days of gains. It opened with a loss of 4.75% and reached an intraday low of Rs 52.25, marking an 8.09% drop. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also decreased by 14.7% compared to the 5-day average, indicating falling investor participation. Year-to-date, the stock has declined by 23.40%, and over the past year, it has fallen by 25.45%, while it has shown a positive return of 21.28% over the last three years.
In the broader market context, the Sensex has increased by 1.58% over the past week, while Signet Industries Ltd has seen a slight decline of 0.07% in the same period. This underperformance relative to the benchmark indicates that the stock is not keeping pace with the overall market trends. Over the last month, however, the stock has outperformed the Sensex with a return of 3.68% compared to the benchmark's 2.21%. Despite this, the significant year-to-date and one-year declines suggest ongoing challenges for Signet Industries Ltd, which may be contributing to the current downward pressure on its stock price.