Why is Supreme Inds. falling/rising?

As of 14-Jul, Supreme Industries Ltd's stock price is currently at Rs 4,109.00, reflecting an increase of Rs 22.4 or 0.55%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline, opening with a gain of 3.13% and reaching an intraday high of Rs 4,214.35. Despite this positive movement today, the stock has underperformed in the short term, with a 1-week return of -3.83% compared to the Sensex's -1.42%. Over the past year, the stock has generated a return of -29.07%, significantly lagging behind the broader market, which has seen a return of 2.15%. The company has strong long-term fundamentals, including a high average Return on Equity (ROE) of 22.73% and low Debt to Equity ratio, but it has faced challenges with negative results in the last three quarters, leading to a decline in profits.
In the broader market context, while the stock has shown some resilience today, it remains under pressure due to its substantial underperformance over the past year. The Sensex has generated positive returns, contrasting with Supreme Industries' negative trajectory. The stock's high institutional holdings at 36.18% suggest that knowledgeable investors are closely monitoring its performance, yet the recent negative financial results and a high Price to Book Value ratio indicate that the stock may be considered overvalued compared to its peers. The combination of these factors contributes to a cautious outlook despite today's price increase, as the stock continues to grapple with its recent poor performance relative to the market.