Why is Sita Enterprises falling/rising?

As of 24-Jul, Sita Enterprises Ltd is experiencing a price increase, currently at Rs 184.40, reflecting a rise of 8.75 or 4.98%. The stock has shown strong performance recently, gaining 13.93% over the last three days and outperforming its sector by 5.72% today. It opened with a gain of 4.18% and reached an intraday high of Rs 184.40. Over the past year, the stock has generated an impressive return of 260.86%, significantly outperforming the BSE500 index. However, it is important to note that despite these gains, the stock has a weak long-term fundamental strength, with an average Return on Equity (ROE) of 8.41% and a concerning decline in profits by 59.9% over the past year.
In the broader market context, Sita Enterprises has outperformed the Sensex, which has shown a slight decline of 0.09% over the past week, while Sita's stock has risen by 7.87% in the same period. This trend of strong short-term performance against a backdrop of a flat market indicates that investor sentiment towards Sita Enterprises remains positive, despite the noted weaknesses in its long-term fundamentals and declining investor participation. The stock's high valuation relative to its peers, coupled with falling delivery volumes, suggests that while the stock is currently rising, there are underlying concerns that could impact its future performance.