Why is Supreme Power falling/rising?

As of 26-Jun, Supreme Power Equipment Ltd is experiencing a price increase, currently at 223.05, reflecting a change of 4.35 or 1.99% upward. The stock has shown strong performance recently, outperforming its sector by 2.37% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 58.23% compared to the 5-day average. Despite a year-to-date decline of 7.70% and a one-year drop of 30.07%, 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, the stock's valuation appears expensive with a Price to Book Value of 7.4, and flat results are anticipated for December 2023.
In the broader market context, the stock has outperformed the Sensex benchmark over the past week and month, with returns of 10.34% and 57.19%, respectively, compared to the Sensex's 3.05% and 2.19%. This indicates that while the stock has faced challenges over the longer term, it is currently gaining traction in the short term relative to the market. The company's return on equity stands at 25.2, and despite a negative one-year return, profits have increased by 33%, resulting in a PEG ratio of 0.9, suggesting that the stock may still hold value for investors looking for growth potential despite its recent volatility.