Why is SJS Enterprises falling/rising?

As of 20-Aug, S J S Enterprises Ltd is experiencing a price increase, currently at 1,353.10, reflecting a rise of 45.45 or 3.48%. The stock has recently hit a new 52-week high of Rs 1377.45 and has outperformed its sector by 3.68%. Over the past three days, the stock has gained 16.42%, and it is trading above all key moving averages. The company has shown strong performance with a high return on equity of 16.15%, a low debt-to-equity ratio of 0.02, and consistent positive results over the last six quarters, including a 24.64% growth in profit after tax. Additionally, high institutional holdings at 45.25% indicate strong investor confidence, contributing to the stock's upward momentum.
In the broader market context, S J S Enterprises has significantly outperformed the benchmark Sensex, with a 12.58% return over the past week compared to the Sensex's 1.64%. The stock's year-to-date return of 17.39% also surpasses the Sensex's 4.76%, showcasing its strong performance relative to the market. Despite its high valuation, indicated by a price-to-book ratio of 6.3, the stock's consistent returns and positive financial indicators have attracted investor interest, leading to increased trading volume and liquidity. This combination of strong fundamentals and favorable market conditions has contributed to the stock's rising price.