Why is Supreme Petroch. falling/rising?

As of 04-Nov, Supreme Petrochem Ltd's stock price is currently at 702.05, reflecting a decline of 18.95 points or 2.63%. The stock has been on a downward trend, having fallen consecutively for the last seven days, resulting in a total decline of 12.9% during this period. It has underperformed its sector by 0.91% today, with an intraday low of Rs 688.2. In terms of returns, the stock has seen a significant drop of 11.54% over the past week and a 17.26% decline over the past month, while it has generated a negative return of 7.87% over the last year, contrasting sharply with the Sensex's positive return of 5.94%. The company's recent financial performance has also been disappointing, with a 44.8% drop in PAT and the lowest net sales recorded, contributing to the stock's negative sentiment.
Broader market context indicates that the stock has underperformed relative to the benchmark, with the Sensex showing a modest gain of 2.77% over the past month. Despite a strong long-term fundamental strength characterized by a healthy return on equity and low debt levels, the stock's premium valuation compared to peers and the significant decline in profits have raised concerns among investors. The recent negative results and the stock's inability to keep pace with market performance have likely fueled the downward pressure on its price, leading to increased selling activity.