Why is Signet Industrie falling/rising?

As of 06-Nov, Signet Industries Ltd is experiencing a decline in its stock price, currently at Rs 56.83, which reflects a decrease of Rs 1.04 or 1.8%. The stock has been underperforming recently, having fallen for three consecutive days with a total decline of 3.76%. Today, it opened with a loss of 2.71% and reached an intraday low of Rs 55.1, marking a 4.79% drop. Additionally, the stock's delivery volume has significantly decreased by 72.37% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has declined by 2.02%, while its year-to-date performance shows a substantial drop of 20.85%.
In the broader market context, the Sensex has also seen a decline of 1.30% over the past week, suggesting that the market sentiment is generally negative. However, Signet Industries' performance is notably worse than the benchmark, indicating specific challenges for the company. While the stock has shown positive returns over longer periods, such as a 42.07% increase over three years and a remarkable 201.49% rise over five years, its recent performance contrasts sharply with the Sensex's year-to-date gain of 6.62%. This divergence highlights the stock's struggles in the current market environment, despite its historical growth.