Why is Blue Dart Expres falling/rising?

As of 17-Jul, Blue Dart Express Ltd is currently priced at 6,920.75, reflecting an increase of 53.95 or 0.79%. The stock is performing well today, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 50.98% compared to the 5-day average. However, despite these positive indicators, the company has faced challenges, including a significant decline in profit before tax and profit after tax in the most recent quarter, alongside a consistent underperformance against benchmarks over the past three years. The stock's long-term growth potential is supported by a high return on capital employed and strong operating profit growth, but it is also seen as having an expensive valuation relative to its peers.
In the broader market context, Blue Dart Express has outperformed the Sensex in the short term, with a 3.39% return over the past week compared to a decline of 1.12% for the benchmark. However, the stock has underperformed over the longer term, with a year-to-date return of -0.04% against the Sensex's 5.27%. This mixed performance highlights the stock's volatility and the impact of recent negative financial results, which may be weighing on investor sentiment despite some positive operational metrics.