Why is Sita Enterprises falling/rising?

As of 22-Jul, Sita Enterprises Ltd's stock price is currently at Rs 167.30, reflecting an increase of Rs 5.45 or 3.37%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Today, it reached an intraday high of Rs 167.30 and a low of Rs 158.50, with a significant increase in delivery volume, which rose by 253.79% compared to the 5-day average. Over the past month, the stock has performed well, with a return of 9.35%, and has generated an impressive 221.73% return over the past year, outperforming the BSE500 index consistently in recent years. However, it is important to note that the stock has a weak long-term fundamental strength, indicated by an average Return on Equity (ROE) 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 Sensex in the short term, with a 1-week return of -2.39% compared to the Sensex's -0.47%. This indicates that while the stock has faced some short-term challenges, its overall performance remains strong relative to the market. Despite the positive short-term price movement and rising investor participation, the stock's high valuation and declining profits present concerns that could affect its future performance.