Why is Supreme Inds. falling/rising?

As of 22-Jul, Supreme Industries Ltd is experiencing a decline in its stock price, currently at Rs 4,100.10, which reflects a decrease of Rs 102.7 or 2.44%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.62% during this period. Today's trading saw the stock reach an intraday low of Rs 4,052, and it has been trading with lower volumes, as indicated by a significant drop in delivery volume by 35.83% compared to the five-day average. Despite having strong long-term fundamentals, including a solid average return on equity of 22.73% and a low debt-to-equity ratio, the recent price movement suggests that investor sentiment may be wavering, particularly given the stock's underperformance against the sector.
In the broader market context, the stock's performance over the past week shows a decline of 3.04%, while the benchmark Sensex has only decreased by 0.47%, indicating a notable underperformance relative to the market. Over the past month, Supreme Industries has dropped 8.24%, contrasting sharply with the Sensex's minor decline of 0.27%. This trend continues into the year-to-date performance, where the stock has fallen by 12.93%, while the Sensex has gained 5.18%. The combination of falling investor participation and the stock's inability to maintain momentum against the benchmark suggests that market conditions are currently unfavorable for Supreme Industries, contributing to its recent price decline.