Why is Supreme Petroch. falling/rising?

As of 24-Sep, Supreme Petrochem Ltd is currently priced at 852.70, reflecting a decline of 7.45 points or 0.87%. The stock has recently underperformed its sector by 0.38% and has experienced a trend reversal, falling after four consecutive days of gains. Despite this drop, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in the longer term. Over the past week, the stock has risen by 6.06%, and year-to-date, it has shown a significant increase of 27.34%. However, its performance over the past year has been negative, with a return of -1.99%, coinciding with a 12.5% decline in profits. The company maintains strong long-term fundamentals, evidenced by a healthy return on equity of 30.06% and a low debt-to-equity ratio, which supports its valuation despite trading at a premium compared to peers.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 1.18% over the past week. While Supreme Petrochem has shown resilience with a year-to-date return significantly outperforming the benchmark, the recent price drop may reflect a market correction after a period of gains. Additionally, increasing participation from institutional investors, who have raised their stake by 0.75%, suggests a positive outlook for the company, as these investors typically possess better analytical capabilities. Nonetheless, the stock's recent decline, coupled with a drop in profits, may have contributed to investor caution, leading to the current price movement.