Why is Supreme Inds. falling/rising?

As of 16-Jul, Supreme Industries Ltd's stock price is currently at 4,238.35, reflecting an increase of 9.6 points or 0.23%. The stock has been gaining momentum over the last three days, with a total return of 3.71% during this period. However, despite this recent uptick, the stock has experienced a decline of 6.97% over the past month and a significant drop of 26.88% over the past year. The company has strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 22.73% and a low Debt to Equity ratio. However, it has faced challenges with negative results in the last three consecutive quarters, which has contributed to its underperformance relative to the market.
In the broader market context, the stock's short-term performance of +1.03% over the past week contrasts with the Sensex, which has declined by 1.08% during the same timeframe. This indicates that while Supreme Industries Ltd is experiencing a slight recovery, it has still underperformed the market significantly over the longer term, with a year-to-date decline of 9.99% compared to the Sensex's gain of 5.75%. The high institutional holdings at 36.18% suggest that informed investors are backing the stock, but the recent negative quarterly results and a high Price to Book Value ratio indicate that the stock may be overvalued, which could be a concern for potential investors.