Why is SJS Enterprises falling/rising?

As of 05-Jun, S J S Enterprises Ltd is experiencing a price increase, currently at 1,113.30, reflecting a rise of 5.9 points or 0.53%. Today's performance indicates that the stock has outperformed its sector by 0.69% and has shown a trend reversal after two consecutive days of decline. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive technical outlook. Additionally, the stock has demonstrated strong performance over various periods, with a 1-week return of 2.68% and an impressive 51.67% return over the past year. The company has also reported positive financial results for the last five consecutive quarters, contributing to a high management efficiency reflected in a return on equity of 16.15% and a low debt-to-equity ratio of 0.02 times.
In the broader market context, S J S Enterprises has outperformed the Sensex, which has seen a decline of 0.23% over the past week, while the stock has gained 2.68%. This indicates strong relative strength against the benchmark. Furthermore, the stock's long-term performance has been robust, with a 140.14% return over the past three years, significantly surpassing the Sensex's 46.03% return in the same period. The increase in institutional holdings by 0.7% over the previous quarter suggests confidence from larger investors, which may further support the stock's upward movement. Overall, the combination of positive financial results, strong technical indicators, and favorable market conditions contributes to the stock's rising price.