Why is SJS Enterprises falling/rising?

As of 04-Sep, S J S Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 1,386.50, which reflects a decrease of Rs 28.45 or 2.01%. Despite this drop, the stock had recently reached a new 52-week high of Rs 1,455 earlier in the day, indicating strong upward momentum prior to the decline. Over the past week, the stock has gained 2.53%, and it has shown impressive returns of 16.92% over the past month and 40.78% over the past year, outperforming the broader market indices. The company has demonstrated high management efficiency and consistent financial performance, with positive results for the last six consecutive quarters, contributing to a strong institutional holding of 45.25%. However, the stock has underperformed its sector today by 1.65%, and it has fallen after three consecutive days of gains, suggesting a potential trend reversal.
In the broader market context, S J S Enterprises' recent performance contrasts with the Sensex, which has only gained 0.80% in the past week and is down 0.37% over the past month. This indicates that while the stock has been performing well relative to the market over longer periods, its short-term decline may be influenced by profit-taking after reaching a high. The stock's liquidity remains adequate, and rising investor participation suggests ongoing interest, but the recent price drop could reflect a correction after a strong rally. Overall, while the stock has shown robust long-term performance, the current decline may be attributed to short-term market dynamics and profit-taking behavior among investors.