Why is Supreme Power falling/rising?

As of 30-Jun, Supreme Power Equipment Ltd's stock price is currently at 232.05, reflecting an increase of 4.55, or 2.0%. The stock has shown strong performance recently, with a one-week return of +12.56% and a one-month return of +51.17%, significantly outperforming the Sensex, which returned +2.18% and +3.10% over the same periods, respectively. However, there are signs of erratic trading, as the stock did not trade on one day out of the last 20 days, and delivery volume has decreased by 86.01% against the five-day average. Despite this, the stock is trading above all key moving averages, indicating a positive trend. The company's long-term growth prospects are supported by impressive net sales growth of 42.30% annually and an operating profit increase of 74.23%, which suggests a solid foundation for its recent price movement.
In the broader market context, while Supreme Power has outperformed the benchmark in the short term, it has underperformed on a year-to-date basis with a decline of 3.97% compared to the Sensex's gain of 7.92%. This contrast highlights the stock's volatility and potential challenges in maintaining momentum. The significant drop in investor participation, as indicated by the falling delivery volume, could pose risks to sustaining the current price levels. Overall, while the stock is experiencing a rise due to strong recent performance and positive growth indicators, the erratic trading patterns and declining participation may raise concerns among investors regarding its future stability.