Why is SJS Enterprises falling/rising?

As of 04-Nov, S J S Enterprises Ltd is experiencing a price increase, currently at Rs. 1,730.50, which reflects a rise of 99.05 or 6.07%. The stock has shown strong performance today, hitting a new 52-week and all-time high of Rs. 1,784.8, and has outperformed its sector by 6.36%. Over the past week, the stock has gained 13.21%, and it has been on a consecutive gain streak for the last six days, accumulating a total return of 15.95%. The company has demonstrated high management efficiency with a return on equity (ROE) of 16.15% and a low debt-to-equity ratio of 0.02. Additionally, it has reported positive results for the last seven consecutive quarters, which has likely contributed to the rising investor confidence and participation.
Broader Market Context: In comparison to the benchmark, the stock's short-term performance has been significantly stronger, with a 1-week return of 13.21% against the Sensex's decline of 1.38%. This stark contrast highlights the stock's resilience and attractiveness to investors, particularly given its consistent returns over the past three years, where it has outperformed the BSE500 in each of the last three annual periods. Despite its high valuation and premium compared to peers, the strong institutional holdings at 45.25% suggest that knowledgeable investors are confident in the company's fundamentals, further supporting the stock's upward movement.