Why is Supreme Power falling/rising?

As of 25-Jun, Supreme Power Equipment Ltd is experiencing a price increase, currently at 218.70, reflecting a rise of 4.25 or 1.98%. The stock has shown strong performance recently, outperforming its sector by 2.37% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 10.34%, and in the last month, it has surged by 57.17%. Additionally, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 42.30% and operating profit rising by 74.23%. However, it is important to note that the stock has a negative return of -23.88% over the past year, and while profits have increased by 33%, the stock's valuation appears expensive with a Price to Book Value of 7.3.
In the broader market context, the Sensex has increased by 1.74% over the past week, indicating that while Supreme Power is outperforming the benchmark significantly in the short term, it has underperformed year-to-date with a decline of 9.50% compared to the Sensex's gain of 6.77%. This suggests that the recent price rise may be driven by specific company factors rather than overall market trends. The rising investor participation, indicated by a 58.23% increase in delivery volume, further supports the stock's upward movement, despite the flat results reported in December 2023.