Why is Supreme Inds. falling/rising?

As of 10-Jul, Supreme Industries Ltd is experiencing a decline in its stock price, currently at 4,160.00, which reflects a decrease of 35.05 or 0.84%. The stock has underperformed its sector by 0.57% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 2.63% during this period. Over the past week, the stock has decreased by 2.80%, and it has significantly underperformed the market over the past year, with a return of -29.84% compared to the Sensex's gain of 4.09%. Despite having strong long-term fundamentals, such as a high average Return on Equity (ROE) of 22.73% and low Debt to Equity ratio, the company has reported negative results for the last three consecutive quarters, which has negatively impacted investor sentiment.
In the broader market context, while the stock has shown strong performance over the long term with a 122.66% increase over three years, its recent performance has been disappointing compared to the benchmark. The Sensex has gained 6.46% year-to-date, while Supreme Industries has fallen by 11.65% in the same period. This stark contrast highlights the stock's struggles, particularly given its high valuation metrics, such as a Price to Book Value of 9.3, which suggests it may be overvalued relative to its peers. The negative quarterly results, including a 20.55% decline in Profit Before Tax, have further exacerbated the stock's downward trajectory, leading to a lack of confidence among investors despite its substantial market capitalization and institutional holdings.