Why is Supreme Inds. falling/rising?

As of 08-Jul, Supreme Industries Ltd is experiencing a decline in its stock price, currently at Rs 4,197.00, which reflects a decrease of Rs 75.5 or 1.77%. The stock has underperformed its sector by 1.18% today, reaching an intraday low of Rs 4,179.45. Over the past week, the stock has fallen by 4.36%, and its year-to-date performance shows a significant decline of 10.87%. The company has faced negative results for the last three consecutive quarters, with a notable drop in profit before tax and profit after tax, contributing to a year-over-year return of -28.46%. Despite having strong long-term fundamentals, including a high return on equity and low debt-to-equity ratio, the stock's valuation appears expensive, which may deter investors.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting with Supreme Industries' performance. While the market has generated a return of 1.98% over the last year, Supreme Industries has significantly underperformed, with a return of -28.46%. The decline in investor participation, evidenced by a 70.26% drop in delivery volume compared to the five-day average, further indicates waning interest in the stock. Overall, the combination of disappointing financial results and the stock's inability to keep pace with market benchmarks has led to its current downward trajectory.