Why is Supreme Inds. falling/rising?

As of 08-Aug, Supreme Industries Ltd's stock price is currently at 4,155.15, reflecting a decrease of 29.85 points, or 0.71%. The stock's performance today is in line with the sector, and it is trading above its 100-day and 200-day moving averages, but below its 5-day, 20-day, and 50-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 79.7% compared to the 5-day average. However, the stock has experienced a decline of 2.14% over the past week and an 11.76% drop year-to-date, indicating a challenging performance relative to the broader market. Despite these short-term declines, the company maintains strong long-term fundamentals, including a healthy return on equity of 22.73% and a low debt-to-equity ratio, which supports its stability.
In the broader market context, the Sensex has also seen a decline of 0.92% over the past week and a more significant drop of 4.60% over the past month, suggesting that the market conditions are generally unfavorable. However, Supreme Industries' year-to-date performance is notably worse than the Sensex, which has gained 2.20% during the same period, indicating that while the stock is facing challenges, it is not alone in the downturn. The company's high institutional holdings at 36.54% may provide some resilience, as these investors typically have better resources to analyze the company's fundamentals. Overall, while the stock is currently experiencing a decline, its strong long-term growth prospects and significant market presence could offer potential for recovery in the future.