Why is Sita Enterprises falling/rising?

As of 01-Aug, Sita Enterprises Ltd is experiencing a price increase, currently at 175.15, reflecting a change of 1.7 or 0.98% upward. The stock has shown a trend reversal, gaining after four consecutive days of decline, and opened with a gain of 2.57% today, reaching an intraday high of Rs 177.9. Despite a recent drop in investor participation, with delivery volume falling by 40.37% against the five-day average, the stock has demonstrated strong performance over the past year, generating a return of 230.47%. However, it is important to note that the stock has a weak long-term fundamental strength, with an average Return on Equity (ROE) of 8.41% and a significant decline in profits by 59.9% over the past year, which raises concerns about its valuation.
In the broader market context, Sita Enterprises has outperformed the benchmark Sensex, which has declined by 1.06% over the past week while the stock itself has fallen by 9.53%. Over the last month, Sita has gained 12.64%, contrasting with the Sensex's drop of 3.70%. This indicates that while the stock is currently rising, it has faced significant volatility recently. The stock's strong historical returns over the past three years, coupled with its recent performance, suggest that it may still attract investor interest despite the underlying fundamental weaknesses and high valuation compared to peers.