Why is Supreme Petroch. falling/rising?

As of 07-Oct, Supreme Petrochem Ltd's stock price is currently at 809.40, reflecting a decrease of 13.8 points or 1.68%. The stock has underperformed its sector today by 1.22% and has experienced a consecutive decline over the last two days, resulting in a total drop of 4.61%. The stock touched an intraday low of Rs 804.1, indicating a significant downward movement. Despite its strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 30.06% and consistent growth in net sales and operating profit, the stock's performance has been impacted by a recent decline in investor participation, with delivery volume falling by 90.6% against the 5-day average. Additionally, while the stock has generated a modest return of 3.65% over the past year, its profits have decreased by 12.5%, which may contribute to the current negative sentiment.
In the broader market context, the stock has underperformed the Sensex in the short term, with a 1-week return of -2.76% compared to the benchmark's gain of 2.07%. This disparity highlights the stock's recent struggles relative to the overall market performance. However, it is worth noting that institutional investors have increased their stake in the company, which may indicate confidence in its long-term potential despite the recent price decline. The stock's historical performance over the past three years shows significant growth, outperforming the BSE500, which suggests that while the current movement is negative, the long-term outlook remains more favorable.