Why is Sita Enterprises falling/rising?

As of 23-Jul, Sita Enterprises Ltd is experiencing a rise in its stock price, currently at Rs 175.65, reflecting an increase of 8.35 (4.99%). The stock has shown strong performance recently, gaining 8.53% over the last two days and outperforming its sector by 4.45% today. Additionally, it has demonstrated impressive returns over various periods, including a 249.90% increase over the past year and a staggering 936.28% over the last three years. However, despite these positive trends, there are concerns regarding its long-term fundamental strength, as indicated by a relatively low 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 Sensex, which has only increased by 0.11% over the past week, while Sita's stock rose by 7.86% in the same timeframe. This strong short-term performance relative to the benchmark suggests that investor sentiment may be favoring Sita Enterprises despite the underlying concerns regarding its valuation and profitability. The stock's liquidity remains adequate, but a notable decline in delivery volume indicates a potential decrease in investor participation, which could affect future price movements.