Why is Supreme Petroch. falling/rising?

As of 24-Jun, Supreme Petrochem Ltd's stock price is rising, currently at 867.35, with an increase of 3.35 (0.39%). The stock has been gaining momentum, having risen 11.2% over the last three days and opened with a gain of 2.18% today. It reached an intraday high of Rs 888.1, reflecting strong investor interest as evidenced by a significant increase in delivery volume, which rose by 514.15% compared to the five-day average. The stock is also trading above its moving averages across various timeframes, indicating positive momentum. The company boasts strong long-term fundamentals, including a healthy return on equity of 30.06% and low debt levels, which contribute to its favorable valuation and attractiveness to investors.
In the broader market context, Supreme Petrochem's performance has significantly outpaced the benchmark Sensex, with a one-week return of 7.48% compared to the Sensex's 0.58%. Over the past month, the stock has gained 23.38%, while the Sensex has only increased by 0.41%. This trend of outperformance is consistent over longer periods, with the stock showing a year-to-date increase of 29.52% against the Sensex's 5.01%. Such strong relative performance, combined with the company's robust financial metrics and rising investor participation, supports the stock's upward movement in the current market environment.