Why is Supreme Holdings falling/rising?

As of 22-Jul, Supreme Holdings & Hospitality Ltd is experiencing a slight increase in its stock price, currently at 74.07, reflecting a change of 0.17 or 0.23% upward. The stock has shown a trend reversal, gaining after two consecutive days of decline, and has outperformed its sector by 1.03% today. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Despite a strong one-year return of 23.35%, the company has faced challenges with poor management efficiency, as evidenced by a low Return on Equity (ROE) of 3.93% and declining net sales over the past five years, which have negatively impacted investor sentiment.
In the broader market context, the stock's short-term performance has been relatively stable compared to the benchmark, with a slight decline of 0.07% over the past week, while the Sensex has decreased by 0.47%. This suggests that while the stock is not performing exceptionally well, it is faring better than the overall market in the short term. The company’s low debt-to-equity ratio and majority ownership by promoters may provide some stability, but the poor long-term growth prospects and high valuation relative to peers could weigh on future performance. Overall, the recent price increase may be attributed to a temporary rebound amidst ongoing concerns about the company's financial health and market position.