Why is Sita Enterprises falling/rising?

As of 30-Jun, Sita Enterprises Ltd's stock price is currently at 148.60, reflecting an increase of 6.35 or 4.46%. Today, the stock has shown a positive trend by gaining after two consecutive days of decline, opening with a significant gap up of 11.7% and reaching an intraday high of Rs 158.9. Despite this upward movement, the stock has experienced high volatility with an intraday fluctuation of 5.9%. Over the past year, Sita Enterprises has outperformed the market with a remarkable return of 195.19%, although this has occurred alongside a substantial decline in profits of 59.9%. The stock's valuation appears expensive with a Price to Book Value of 2.8, and its average Return on Equity (ROE) is relatively low at 8.41%, indicating weak long-term fundamental strength.
In the broader market context, Sita Enterprises' short-term performance has not kept pace with the benchmark, as it has declined by 3.51% over the past week while the Sensex has increased by 2.09%. Although the stock has shown strong year-to-date and yearly returns compared to the market, the recent drop in delivery volume by 42.89% suggests a decrease in investor participation, which could impact future price movements. Overall, while the stock has had a strong performance historically, the combination of high volatility, expensive valuation, and declining profits may contribute to mixed sentiments among investors.