Why is Supreme Inds. falling/rising?

As of 21-Jul, Supreme Industries Ltd is experiencing a decline in its stock price, currently at Rs 4,202.80, which reflects a decrease of Rs 12.1 or 0.29%. The stock has been losing value for the last two days, with a total drop of 1.21% during this period. Although it reached an intraday high of Rs 4,349, the overall performance today is in line with the sector. In terms of returns, the stock has shown a 2.28% increase over the past week, but it has decreased by 5.94% over the past month and 26.60% over the past year. Despite these short-term challenges, the company maintains strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 22.73% and a low Debt to Equity ratio. Furthermore, with high institutional holdings at 36.54%, the stock benefits from the analytical capabilities of these investors.
In the broader market context, the Sensex has shown a slight decline of 0.06% over the past week, indicating that the stock's short-term performance is relatively strong compared to the benchmark. However, over the longer term, Supreme Industries has underperformed the Sensex, with a year-to-date decline of 10.75% compared to the index's gain of 5.20%. This disparity highlights the challenges faced by the company despite its strong market position, which constitutes 27.27% of the sector and generates 15.93% of the industry's annual sales. The liquidity of the stock remains adequate, with a delivery volume increase of 40.39% against the 5-day average, suggesting that investor interest may still be present despite the recent price decline.