Why is Blue Dart Expres falling/rising?

As of 07-Jul, Blue Dart Express Ltd is currently priced at 6,689.85, reflecting a slight increase of 5.35 (0.08%). The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date return of -3.37% and a one-year return of -18.50%. The stock's performance today is in line with the sector, but it has experienced a significant drop in investor participation, with delivery volume falling by 77.66% compared to the five-day average. While the company boasts high management efficiency and a strong ability to service debt, it has also faced negative financial results, including a decline in profit before tax and profit after tax in the latest quarter, which may contribute to investor caution.
In the broader market context, Blue Dart's short-term return of +4.57% over the past week contrasts with a slight decline of -0.20% in the Sensex, indicating a relative outperformance in the short term. However, the stock's longer-term performance has been disappointing, with a three-year return of -17.32% compared to the Sensex's +54.01%. This consistent underperformance against the benchmark, coupled with the recent negative financial results, suggests that while there may be short-term gains, the overall sentiment towards Blue Dart remains cautious, reflecting broader concerns about its profitability and valuation relative to peers.