Why is SJS Enterprises falling/rising?

As of 01-Sep, S J S Enterprises Ltd's stock price is currently at 1,330.50, reflecting an increase of 6.45 (0.49%). The stock has shown a trend reversal, gaining after two consecutive days of decline, although it underperformed its sector by 0.82% today. The stock touched an intraday low of Rs 1294.45 earlier in the day, indicating some volatility. Over the past month, S J S Enterprises has performed well, with a return of +14.96%, significantly outperforming the Sensex, which saw a decline of 0.29%. The company has demonstrated strong fundamentals, including a high return on equity (ROE) of 16.15%, a low debt-to-equity ratio of 0.02, and consistent positive results over the last six quarters, contributing to investor confidence and recent price movements.
Broader Market Context: In the short term, S J S Enterprises has outperformed the benchmark Sensex, which has declined by 1.56% over the past week, while the stock itself has only fallen by 1.47%. This relative strength may indicate that investors are favoring S J S Enterprises despite broader market challenges. The stock's strong institutional holdings at 45.25% suggest that knowledgeable investors are backing the company, which can provide stability and support for the stock price. Overall, the combination of positive financial performance, a favorable market position, and rising investor participation contributes to the stock's resilience and recent upward movement.