Why is Supreme Inds. falling/rising?

As of 25-Jul, Supreme Industries Ltd is experiencing a price increase, currently at Rs 4,313.15, reflecting a rise of Rs 85.9 or 2.03%. The stock has shown strong performance today, outperforming its sector by 2.8% and achieving a consecutive gain over the last three days with a total return of 5.2%. It has also reached an intraday high of Rs 4,341, indicating positive momentum. Despite this, there is a noted decline in investor participation, with delivery volume falling by 2.46% against the five-day average. The stock is trading above all key moving averages, suggesting a bullish trend. The company boasts strong long-term fundamentals, including an average Return on Equity (ROE) of 22.73% and healthy net sales growth, which supports its recent price movement.
In the broader market context, Supreme Industries Ltd has outperformed the Sensex in the short term, with a one-week return of +2.33% compared to the benchmark's -0.36%. However, the stock has underperformed over the longer term, with a year-to-date decline of -8.40% against the Sensex's gain of +4.25%. The company's high institutional holdings at 36.54% indicate confidence from larger investors, which may contribute to the stock's resilience despite recent volatility. Overall, while the stock is currently rising, its longer-term performance remains a concern in comparison to the broader market trends.