Why is SJS Enterprises falling/rising?

As of 03-Sep, S J S Enterprises Ltd's stock price is rising, currently at 1,414.95, reflecting an increase of 65.05 or 4.82%. The stock has recently outperformed its sector by 5.42% and has been on a consecutive gain streak for the last three days, accumulating a total return of 7.62% during this period. Notably, the stock reached a new 52-week high of Rs 1429.25 today. The company has demonstrated strong performance metrics, 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, with a significant growth in profit after tax (PAT) and net sales. Additionally, high institutional holdings at 45.25% suggest confidence from more sophisticated investors, which may further bolster the stock's upward movement.
In the broader market context, S J S Enterprises has shown a remarkable return of 22.26% over the past month, while the benchmark Sensex has remained nearly flat with a change of -0.04%. This stark contrast highlights the stock's strong performance relative to the market. Over the past year, S J S Enterprises has outperformed the Sensex by generating a return of 39.92% compared to the benchmark's decline of 2.41%. The stock's ability to consistently outperform the BSE500 over the last three years reinforces its positive trajectory, suggesting that investor sentiment remains strong despite broader market fluctuations.