Why is Sita Enterprises falling/rising?

As of 20-Jun, Sita Enterprises Ltd is experiencing a price increase, currently at Rs 153.00, reflecting a rise of 6.45 (4.4%). The stock has shown strong performance today, outperforming its sector by 2.83% and has been on a consecutive gain for the last two days, accumulating an 8.47% return in this period. It opened with a significant gain of 5.56% and reached an intraday high of Rs 155.85. Over the past year, the stock has generated an impressive return of 279.56%, significantly higher than the market average of 2.60%. However, it is important to note that despite this strong performance, the company has a weak long-term fundamental strength with an average Return on Equity (ROE) of 8.41%, and its profits have fallen by 59.9% over the past year.
In the broader market context, Sita Enterprises has outperformed the benchmark Sensex, which has only increased by 1.59% over the past week, while Sita's stock rose by 4.83%. This indicates a strong relative performance in the short term. However, the stock is trading at a premium compared to its peers, with a Price to Book Value of 2.9, which raises concerns about its valuation. The rising investor participation, evidenced by a 217.75% increase in delivery volume, suggests growing interest in the stock, but the underlying issues of declining profits and flat results in March may temper long-term investor confidence.