Why is Supreme Petroch. falling/rising?

As of 22-Sep, Supreme Petrochem Ltd's stock price is currently at 849.35, reflecting an increase of 10.65 or 1.27%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 5.65% during this period. Although it opened down by 2.83% today, it has outperformed its sector by 2.1%. The stock is trading above all its moving averages, indicating a strong bullish trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 242.54% against the five-day average. The company also demonstrates strong long-term fundamentals, with a healthy return on equity and low debt levels, although it has faced a decline in profits over the past year.
In the broader market context, Supreme Petrochem's one-week return of 7.50% significantly outpaces the Sensex's return of 0.46%, indicating strong relative performance. While the stock has underperformed over the past year with a return of -4.69%, it has shown remarkable growth over three and five years, with returns of 120.48% and 640.66%, respectively. The increasing stake of institutional investors, who have raised their holdings by 0.75% in the last quarter, suggests growing confidence in the company's fundamentals, which may contribute to the stock's recent upward movement.