Why is Signet Industrie falling/rising?

As of 22-Sep, Signet Industries Ltd is currently priced at 55.70, reflecting a slight increase of 0.11 or 0.2%. The stock has been gaining for the last two days, with a total return of 0.91% during this period, and it has outperformed its sector by 0.9%. However, over the past week, the stock has decreased by 2.02%, and its year-to-date performance shows a significant decline of 22.42%. Despite this, the company has reported a 49.1% increase in profits over the past year, which, combined with an attractive valuation indicated by a PEG ratio of 0.2, suggests potential for recovery. Nevertheless, the high Debt to EBITDA ratio of 4.08 times raises concerns about the company's ability to service its debt, contributing to a cautious outlook.
In the broader market context, while the Sensex has shown a positive return of 0.46% over the past week, Signet Industries has lagged behind with its 2.02% decline. This underperformance is further highlighted by the stock's negative returns over the past year and its inability to keep pace with the benchmark indices in both the short and long term. The stock's liquidity appears adequate, but the mixed signals from its financial performance and market position indicate that investors remain wary, leading to a complex situation for the stock's future trajectory.