Why is SJS Enterprises falling/rising?

As of 26-Aug, S J S Enterprises Ltd is experiencing a price increase, currently at Rs 1,359.85, reflecting a change of 9.45 (0.7%) upward. The stock has shown strong performance, with a 1-week return of +3.99% and a 1-month return of +8.61%, significantly outperforming the Sensex, which has seen declines of -1.05% and -0.83% respectively. Today, the stock is trading close to its 52-week high, just 3.5% away, and has outperformed its sector by 0.27%. Additionally, it is trading above all key moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 57.18% compared to the 5-day average. The company boasts 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 six consecutive quarters, contributing to its upward momentum.
In the broader market context, S J S Enterprises has outperformed the benchmark indices significantly over the past year, generating a return of 37.63% compared to the Sensex's decline of -1.12%. This strong performance over various periods, including a remarkable 178.20% return over three years, highlights the company's consistent ability to generate returns. However, the stock is considered expensive with a price-to-book value of 6.3, trading at a premium compared to its peers, which may pose risks for future growth. Despite these concerns, the high institutional holdings at 45.25% suggest confidence from larger investors, who typically have better resources to analyze the company's fundamentals.