Why is Supreme Inds. falling/rising?

As of 23-Jul, Supreme Industries Ltd's stock price is currently at Rs 4,132.30, reflecting an increase of Rs 32.2 or 0.79%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and it outperformed its sector by 0.3% today. The stock reached an intraday high of Rs 4,193, indicating a 2.27% increase at its peak. However, over the past week, the stock has decreased by 2.50%, and it has seen a significant decline of 12.24% year-to-date. Despite these short-term challenges, the company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 22.73% and a low Debt to Equity ratio. Additionally, high institutional holdings at 36.54% suggest confidence from investors with substantial resources to analyze the company's fundamentals.
In the broader market context, the Sensex has shown a slight increase of 0.11% over the past week, contrasting with Supreme Industries' decline. While the stock has underperformed the benchmark in the short term, its long-term performance remains robust, with a 118.07% increase over three years compared to the Sensex's 47.54%. The liquidity of the stock is also favorable, with a delivery volume increase of 234.33% against the five-day average, indicating rising investor participation. Overall, while the stock faces short-term pressures reflected in its recent performance, its strong fundamentals and institutional backing provide a solid foundation for potential recovery.