Why is Supreme Petroch. falling/rising?

As of 26-Jun, Supreme Petrochem Ltd's stock price is currently at 868.60, reflecting a decrease of 6.4 points or 0.73%. The stock has recently experienced a trend reversal, falling after four consecutive days of gains. Despite this decline, it has shown strong performance over the past week, with a return of 11.36%, and a remarkable 22.42% increase over the past month. However, today's performance underperformed the sector by 1.24%, and there has been a notable drop in investor participation, with delivery volume falling by nearly 40% against the five-day average. The company maintains a strong long-term fundamental strength, with a healthy return on equity and low debt levels, which supports its valuation despite the recent price drop.
In the broader market context, while Supreme Petrochem has outperformed the Sensex significantly over various periods, including a year-to-date return of 29.71% compared to the Sensex's 7.19%, the recent decline indicates a potential correction after a strong rally. The stock's performance has been bolstered by its long-term growth prospects and solid fundamentals, but the current dip may reflect short-term profit-taking or market adjustments. Overall, the stock's recent underperformance relative to the sector and declining trading volume suggest caution among investors, despite its strong historical returns and positive long-term outlook.