Why is Sita Enterprises falling/rising?

As of 24-Jun, Sita Enterprises Ltd is currently priced at 153.20, reflecting a decrease of 0.8, or 0.52%. The stock has recently underperformed its sector by 1.44% and has experienced a trend reversal, falling after three consecutive days of gains. Despite this, Sita Enterprises has shown strong performance over various periods, with a remarkable 184.92% return over the past year, significantly outpacing the market's 6.10% return. However, the stock's recent price movement is influenced by a notable decline in investor participation, with delivery volume dropping by 84.83% compared to the five-day average. Additionally, while the stock is trading above its moving averages, concerns about its long-term fundamental strength persist, particularly with a low return on equity of 8.41% and a significant profit decline of 59.9% over the past year.
In the broader market context, Sita Enterprises has outperformed the benchmark index, Sensex, in the short term, with a 2.75% increase over the past week compared to the index's 0.58% rise. However, the stock's current price decline may reflect investor caution due to its high valuation relative to peers, as indicated by a price-to-book value of 2.9, which suggests it is trading at a premium. The combination of strong past performance and current valuation concerns, alongside reduced trading activity, contributes to the stock's recent downward movement despite its historical gains.