Why is SJS Enterprises falling/rising?

As of 21-Aug, S J S Enterprises Ltd is currently priced at 1,351.85, reflecting a decrease of 1.25 (-0.09%). The stock has recently underperformed its sector by 0.73% and has experienced a trend reversal after three consecutive days of gains. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Over the past week, the stock has shown a significant return of 16.31%, and year-to-date, it has increased by 17.28%. The company has demonstrated strong financial performance, with a high return on equity (ROE) of 16.15% and consistent positive results over the last six quarters, contributing to its appeal among investors.
In the broader market context, S J S Enterprises has outperformed the Sensex, which has only gained 1.74% over the past week, while the stock's performance over the last year shows a remarkable increase of 30.31% compared to the Sensex's 1.35%. However, the stock's high valuation, with a price-to-book ratio of 6.3, may raise concerns among investors, particularly as it trades at a premium compared to its peers. The stock's liquidity remains strong, with a significant increase in delivery volume, suggesting rising investor participation. Overall, while the stock has shown impressive returns and strong fundamentals, its recent decline may be attributed to profit-taking after a period of gains and concerns over its valuation.