Why is Supreme Inds. falling/rising?

As of 11-Jul, Supreme Industries Ltd is experiencing a decline in its stock price, currently at 4,086.60, which reflects a decrease of 73.4 points or 1.76%. The stock has underperformed its sector by 1.16% today and has been on a consecutive downward trend for the last four days, resulting in a total drop of 4.35% during this period. Additionally, the stock's performance over the past week shows a decline of 4.11%, and it has significantly underperformed the broader market with a year-to-date return of -13.21% compared to a positive return of 5.58% for the Sensex. The company has declared negative results for the last three consecutive quarters, with a notable drop in profit before tax and profit after tax, which has contributed to its falling stock price. Despite having strong long-term fundamentals, such as a high return on equity and low debt-to-equity ratio, the recent poor financial performance and high valuation metrics have raised concerns among investors.
Broader Market Context: In the context of the broader market, Supreme Industries Ltd has significantly underperformed the benchmark indices over the past year, with a return of -29.94% compared to a modest gain of 3.26% for the Sensex. This stark contrast highlights the stock's struggles relative to the overall market performance. The decline in investor participation, evidenced by a 61.35% drop in delivery volume, further indicates a lack of confidence among investors, which is compounded by the stock's recent performance trends. Overall, the combination of negative financial results, high valuation concerns, and declining investor interest has contributed to the stock's downward trajectory.