Why is Supreme Inds. falling/rising?

As of 07-Aug, Supreme Industries Ltd's stock price is currently at 4,185.00, reflecting an increase of 6.75 (0.16%). The stock has shown a trend reversal by gaining after two consecutive days of decline. Despite this uptick, the stock has underperformed in the short term, with a 1-week return of -3.12% compared to the Sensex's -0.69%. Additionally, the stock's delivery volume has significantly decreased by 75.73% against the 5-day average, indicating falling investor participation. However, the company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 22.73% and a healthy net sales growth rate of 15.23% annually, which supports its stability and potential for recovery.
In the broader market context, while Supreme Industries has faced a year-to-date decline of -11.12%, the Sensex has gained 3.18% during the same period, highlighting the stock's relative weakness. Nevertheless, the company's high institutional holdings at 36.54% suggest that informed investors have confidence in its long-term prospects. Supreme Industries is also the largest company in its sector, constituting 28.12% of the industry, which may provide it with a competitive edge. Overall, while the stock is currently experiencing a slight rise, its recent performance and broader market trends indicate a need for cautious optimism among investors.