Why is Sita Enterprises falling/rising?

As of 28-Jul, Sita Enterprises Ltd is currently priced at Rs 189.00, reflecting a decrease of Rs 4.6 or 2.38%. The stock has recently experienced a trend reversal, falling after four consecutive days of gains. Today, it reached an intraday high of Rs 201.15 but also dipped to a low of Rs 182.1, indicating a wide trading range of Rs 19.05. Despite a strong performance over the past year with a return of 260.07%, the stock's recent decline can be attributed to a significant drop in investor participation, with delivery volume falling by 20.08% against the five-day average. Additionally, while the stock has consistently outperformed the BSE500 over the last three years, it faces challenges such as a weak long-term fundamental strength, evidenced by an average Return on Equity (ROE) of 8.41% and a substantial profit decline of 59.9% over the past year.
In the broader market context, Sita Enterprises has outperformed the Sensex in both the short-term and long-term, with a 1-week return of 16.77% compared to the Sensex's decline of 1.59%. However, the stock's recent performance today underperformed its sector by 1.01%. The overall market sentiment may be influenced by the stock's high valuation relative to its peers, as it trades at a premium with a Price to Book Value of 3.6, which could deter some investors. This combination of strong historical returns and current valuation concerns, alongside declining investor interest, contributes to the stock's recent price movement.