Why is SJS Enterprises falling/rising?

As of 09-Jun, S J S Enterprises Ltd is experiencing a price increase, currently at 1,194.25, reflecting a rise of 64.25 or 5.69%. The stock has shown strong performance today, outperforming its sector by 4.23% and has gained 7.84% over the last three days. It opened with a significant gain of 6.2% and reached an intraday high of Rs 1224.4. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Additionally, the company has demonstrated high management efficiency with a return on equity of 16.15%, a low debt-to-equity ratio of 0.02, and has reported positive results for the last five consecutive quarters, contributing to its recent upward movement.
In the broader market context, S J S Enterprises has outperformed the Sensex, with a 1-week return of 6.28% compared to the benchmark's 1.32%, and a 1-month return of 15.62% against the Sensex's 3.76%. The stock's long-term performance is also notable, having generated a 52.62% return over the past year, significantly surpassing the BSE 500. This consistent outperformance in both the short and long term, coupled with rising investor participation and liquidity, supports the stock's positive momentum in the market.