Why is Supreme Petroch. falling/rising?

As of 23-Sep, Supreme Petrochem Ltd's stock price is rising, currently at 861.50, reflecting an increase of 11.85 or 1.39%. The stock has shown strong performance recently, gaining 7.16% over the last four days and outperforming its sector by 1.95% today. Additionally, it has outperformed the benchmark Sensex over the past week and month, with returns of +6.81% and +7.79%, respectively. The stock is also trading above its moving averages across various time frames, indicating positive momentum. The company benefits from strong long-term fundamentals, including a robust average Return on Equity (ROE) of 30.06%, healthy growth in net sales, and a low debt-to-equity ratio, which supports its recent upward movement.
In the broader market context, while the Sensex has experienced a slight decline of 0.34% over the past week, Supreme Petrochem's performance stands in stark contrast, showcasing its resilience and attractiveness to investors. The increasing participation of institutional investors, who have raised their stake in the company, further underscores confidence in its fundamentals. Despite a slight decline in profits over the past year, the stock's fair valuation and premium pricing compared to peers suggest that investors are optimistic about its potential for recovery and growth, contributing to the current rise in its stock price.