Why is SJS Enterprises falling/rising?

As of 24-Sep, S J S Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 1,511.45, which reflects a decrease of Rs 20.7 or 1.35%. The stock has recently underperformed its sector by 0.38% and has fallen after five consecutive days of gains. Despite this, the stock remains close to its 52-week high, being only 2.8% away from Rs 1,553.75. Over the past week, the stock has shown a positive return of 3.50%, and it has significantly outperformed the benchmark Sensex over various periods, including a 57.25% return over the last year. The company has demonstrated strong financial performance, with a high return on equity and consistent positive results over the last six quarters, which supports its valuation despite the recent price drop.
In the broader market context, while S J S Enterprises has shown resilience and strong performance compared to the Sensex, which has declined by 1.18% over the past week, the stock's recent price movement indicates a temporary setback. The increase in investor participation, as evidenced by a 107.09% rise in delivery volume, suggests ongoing interest in the stock, despite its current decline. However, the stock's high valuation relative to its peers and a premium price-to-book ratio may contribute to investor caution, impacting its short-term price movements. Overall, while the company has strong fundamentals, the recent price drop may reflect market corrections or profit-taking after a period of significant gains.