Why is Supreme Petroch. falling/rising?

As of 12-Aug, Supreme Petrochem Ltd is experiencing a decline in its stock price, currently at 726.60, which reflects a decrease of 8.4 points or 1.14%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -11.23% over the past week. Additionally, the stock's performance today underperformed its sector by 0.32%. Despite being above the 100-day and 200-day moving averages, it is below the 5-day, 20-day, and 50-day moving averages. The delivery volume has also seen a significant drop of 63.24% compared to the 5-day average, indicating falling investor participation. Although the company maintains strong long-term fundamentals, including a healthy growth rate in net sales and operating profit, its profits have declined by 12.5% over the past year, contributing to the recent price drop.
In the broader market context, the stock's short-term performance has significantly lagged behind the benchmark Sensex, which has only decreased by 0.59% over the same week. While the stock has shown a positive year-to-date return of 8.50%, the recent downturn contrasts with the overall market trend. Institutional investors have increased their stake in the company, suggesting a potential for recovery, but the current negative sentiment and declining returns may overshadow these positive developments in the short term. Overall, the combination of recent poor performance, reduced investor participation, and declining profits has led to the stock's current downward movement.