Why is Signet Industrie falling/rising?

As of 13-Nov, Signet Industries Ltd is experiencing a price increase, with its current price at 58.00, reflecting a change of 0.84 (1.47%) upward. The stock has been gaining for the last three days, with a total return of 8.57% during this period, outperforming its sector by 2.33%. In terms of longer-term performance, the stock has shown a 2.06% increase over the past week and a 2.82% increase over the past month. However, it has faced challenges year-to-date, with a decline of 19.22%. The stock's moving averages indicate it is performing better than the 5-day, 50-day, and 200-day averages, but is below the 20-day and 100-day averages. Notably, there has been a decrease in investor participation, with delivery volume falling by 9.92% against the 5-day average, which may indicate a cautious sentiment among investors.
In the broader market context, Signet Industries' recent performance has outpaced the Sensex, which has increased by 1.40% over the past week. This suggests that while the stock is gaining traction in the short term, it is still underperforming compared to the benchmark on a year-to-date basis, where the Sensex has risen by 8.11%. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value. Overall, while the stock is currently rising, the decline in investor participation and its significant year-to-date losses may temper optimism regarding its future performance.