Why is Signet Industrie falling/rising?

As of 13-Oct, Signet Industries Ltd is experiencing a price increase, currently at Rs 56.41, which reflects a rise of Rs 2.6 or 4.83%. The stock has shown strong performance recently, gaining 7.53% over the last two days and outperforming its sector by 5.28%. Additionally, over the past week, the stock has increased by 7.67%, while its one-month return stands at 3.90%. However, it is important to note that the stock has had a challenging year-to-date performance, down 21.43%, and a one-year decline of 22.52%. The stock's moving averages indicate that it is performing better than the 5-day, 20-day, and 50-day averages, but it remains below the 100-day and 200-day averages. There is a notable decline in investor participation, with delivery volume falling by 47.23% against the 5-day average, which may impact future price movements.
In the broader market context, Signet Industries Ltd has significantly outperformed the Sensex, which has only increased by 0.66% over the past week and 0.52% over the past month. This indicates that while the stock is rising, the overall market is relatively stable. The stock's liquidity is adequate for trading, as it represents 2% of the 5-day average traded value. Despite the positive short-term performance, the long-term returns remain concerning, with a year-to-date decline that contrasts sharply with the Sensex's positive performance. This divergence highlights the stock's volatility and the potential for continued fluctuations in response to market conditions.