Why is Blue Dart Expres falling/rising?

As of 03-Jul, Blue Dart Express Ltd's stock price is currently at 6,838.20, reflecting a decrease of 68.1 points or 0.99%. The stock has recently underperformed its sector by 0.84% and has experienced a trend reversal after seven consecutive days of gains. Despite a positive performance over the past week (+8.54%), the stock has shown a year-to-date decline of 1.23% and a significant drop of 16.40% over the past year. Key financial metrics indicate high management efficiency with a return on capital employed (ROCE) of 24.38% and a low debt to EBITDA ratio of 0.87 times, suggesting a strong ability to service debt. However, negative results reported for March 25, including a 26.75% fall in profit before tax and a 29.1% decline in profit after tax, have contributed to the stock's recent struggles.
In the broader market context, the stock's short-term return of 8.54% over the past week contrasts sharply with the Sensex, which has declined by 0.62% during the same period. Despite this short-term outperformance, Blue Dart has consistently underperformed against the benchmark over the last three years, with a total return of -16.40% in the past year compared to the Sensex's gain of 4.07%. This consistent underperformance, coupled with the stock's expensive valuation relative to its peers, has raised concerns among investors, leading to a decline in stock price despite some positive operational metrics.