Why is Signet Industrie falling/rising?

As of 23-Sep, Signet Industries Ltd is currently priced at 55.00, reflecting a decrease of 0.9 or 1.61%. The stock has underperformed its sector today by 0.36% and has experienced a trend reversal, falling after two consecutive days of gains. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has remained flat, while it has declined by 1.79% over the past month and 34.67% over the past year. Despite a significant rise in profits by 49.1%, the stock's performance has been hindered by a high Debt to EBITDA ratio of 4.08 times, indicating low ability to service debt, and a Return on Equity of only 6.18%, which suggests low profitability per unit of shareholders' funds.
In the broader market context, the Sensex has shown a slight decline of 0.34% over the past week, while Signet Industries has remained flat, indicating a relative underperformance. The stock's long-term returns are concerning, with a 23.40% drop year-to-date compared to a 5.07% gain in the Sensex. This underperformance is compounded by flat net sales and poor growth metrics, which have contributed to a negative sentiment around the stock. Overall, while there are attractive valuation metrics and rising investor participation, the persistent issues with debt and profitability are likely driving the stock's recent decline.