Why is Supreme Power falling/rising?

As of 05-Jun, Supreme Power Equipment Ltd's stock price is currently at 166.05, reflecting an increase of 3.25, or 2.0%. The stock has shown strong performance recently, with a 10.33% increase over the past week and a remarkable 39.89% rise over the last month, significantly outperforming the Sensex, which has seen a decline of 0.33% in the same week and a modest gain of 1.18% over the month. Today's price summary indicates that the stock is performing well against its sector, having outperformed it by 2.21%. However, there is a noted decline in investor participation, with delivery volume falling by 5.17% compared to the 5-day average. Despite a year-to-date decline of 31.28%, the company has demonstrated high management efficiency with a return on equity (ROE) of 22.78% and healthy long-term growth, as evidenced by a 42.30% annual growth rate in net sales and a 74.23% increase in operating profit.
In the broader market context, while Supreme Power has experienced a significant short-term return, it still lags behind the benchmark in year-to-date performance, where the Sensex has gained 4.68%. The stock's fair valuation, indicated by a price-to-book value of 5.6 and a PEG ratio of 0.7, suggests that it is reasonably priced given its growth potential, as profits have risen by 33% despite the stock's negative return over the past year. This combination of strong operational metrics and recent price increases reflects a positive sentiment among investors, although the decline in trading volume could indicate some caution in the market.