Why is Signet Industrie falling/rising?

As of 24-Sep, Signet Industries Ltd is experiencing a decline in its stock price, currently at Rs 54.42, reflecting a decrease of Rs 1.12 or 2.02%. The stock has underperformed its sector today by 1.95%, marking its consecutive fall over the last two days with a total decline of 2.65%. It opened significantly lower, down by 4.48%, and reached an intraday low of Rs 53.05. Over the past week, the stock has decreased by 1.63%, and its year-to-date performance shows a substantial drop of 24.21%. Despite a rise in profits by 49.1% over the past year, the stock has generated a return of -27.49%, indicating a disconnect between profitability and stock performance. The company's high Debt to EBITDA ratio of 4.27 times and low Return on Equity of 6.18% further contribute to investor concerns, leading to the stock's negative movement.
In the broader market context, the Sensex has shown a slight decline of 1.18% over the past week, indicating that while Signet Industries is underperforming, the overall market is also facing challenges. The stock's performance has lagged behind the benchmark indices over various periods, including a significant underperformance in the last three years, one year, and three months. This trend suggests that investor sentiment towards Signet Industries is weak, compounded by its poor long-term growth prospects and flat results in recent quarters. The liquidity of the stock remains adequate, but the overall market conditions and the company's financial health are contributing to the downward pressure on its stock price.