Why is Supreme Power falling/rising?

As of 27-Jun, Supreme Power Equipment Ltd is experiencing a price increase, currently at 227.50, reflecting a change of 4.45 or 2.0% 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 5.86% and a one-year drop of 29.25%, the company has reported healthy long-term growth, with net sales growing at an annual rate of 42.30% and operating profit at 74.23%. However, concerns about an expensive valuation, indicated by a Price to Book Value of 7.5 and flat results expected in December 2023, may temper enthusiasm.
Broader Market Context: In the short term, Supreme Power's stock has outperformed the benchmark Sensex, which has only increased by 2.09% over the past week, while Supreme Power has surged by 10.36% in the same period. This strong performance relative to the benchmark suggests that investor sentiment is currently favorable towards Supreme Power, despite its longer-term struggles reflected in the one-year return of -29.25% compared to the Sensex's gain of 6.63%. The overall market context indicates a positive outlook for the stock in the near term, driven by robust sales growth and increased trading activity.