Why is Blue Dart Expres falling/rising?

As of 11-Jul, Blue Dart Express Ltd's stock price is currently at 6,627.50, reflecting a decrease of 66.5 points or 0.99%. The stock has recently outperformed its sector by 0.38%, but it has also experienced a trend reversal, falling after two consecutive days of gains. In terms of returns, the stock has shown a slight decline of 0.85% over the past week and a modest increase of 0.94% over the past month. However, it has significantly underperformed over the longer term, with a year-to-date decline of 4.27% and a substantial drop of 22.99% over the past year. The company's high management efficiency and strong ability to service debt are positive factors, but recent negative financial results, including a 26.75% fall in profit before tax and a 29.1% decline in profit after tax, have contributed to the stock's downward movement.
In the broader market context, Blue Dart's short-term performance has been relatively better than the benchmark, which has declined by 1.12% over the past week. However, the stock's longer-term performance has been disappointing, consistently underperforming against the benchmark over the last three years. The company's valuation appears expensive relative to its peers, and despite a healthy operating profit growth rate, the significant drop in profits over the past year has raised concerns among investors. This combination of factors, including recent negative earnings results and a history of underperformance, has likely influenced the current decline in the stock price.