Why is Supreme Power falling/rising?

As of 11-Jun, Supreme Power Equipment Ltd's stock price is currently at 179.65, reflecting an increase of 3.5, or 1.99%. The stock has shown strong performance in the short term, with a 10.35% increase over the past week and a remarkable 56.97% rise over the past month. Today's price summary indicates that the stock has outperformed its sector by 3.24%, and there has been a notable increase in investor participation, with delivery volume rising by 47.89% compared to the 5-day average. Additionally, the company demonstrates high management efficiency with a return on equity (ROE) of 22.78% and healthy long-term growth, evidenced by a 42.30% annual growth rate in net sales and a 74.23% increase in operating profit. However, the stock has faced challenges, including a flat performance in December 2023 and an expensive valuation reflected in a price-to-book value of 6.1, alongside a significant underperformance over the past year.
In the broader market context, while the stock has outperformed the Sensex in the short term, it has still underperformed over the last year, generating a return of -29.20% compared to the benchmark's 8.07%. This stark contrast highlights the stock's volatility and the challenges it faces despite recent gains. The overall market has shown resilience, with the BSE 500 generating returns of 5.98% in the last year, further emphasizing the need for Supreme Power to improve its performance to align with broader market trends.