Why is Sita Enterprises falling/rising?

As of 30-Jul, Sita Enterprises Ltd is currently priced at 176.25, reflecting a decrease of 3.25, or 1.81%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 8.96% during this period. Despite opening with a gain of 7.47% today and reaching an intraday high of Rs 192.9, it has also touched a low of Rs 174.65. The stock's performance over the past week shows a modest increase of 0.34%, while it has significantly outperformed the benchmark over the past month and year, with returns of 18.61% and 233.49%, respectively. However, the stock's long-term fundamental strength appears weak, with a low return on equity of 8.41% and a significant drop in profits by 59.9% over the past year, contributing to its current price decline.
In the broader market context, Sita Enterprises has outperformed the Sensex over various periods, including a year-to-date return of 44.98% compared to the Sensex's 4.28%. However, the stock's recent performance has been negatively impacted by falling investor participation, with delivery volume decreasing by 58.22% against the five-day average. This decline in trading activity, coupled with the stock's high valuation relative to its peers, suggests that investor sentiment may be shifting. Overall, while the stock has shown strong historical returns, current market dynamics and fundamental weaknesses are contributing to its recent price drop.