Why is Blue Dart Expres falling/rising?

As of 22-Jul, Blue Dart Express Ltd's stock price is currently at 6,717.00, reflecting a decrease of 71.0, or 1.05%. The stock has been underperforming recently, having fallen for three consecutive days with a total decline of 2.94%. It is currently underperforming its sector by 0.45%. Over the past week, the stock has decreased by 2.21%, while it has shown a modest increase of 7.75% over the past month. However, the stock has significantly underperformed over the longer term, with a year-to-date decline of 2.98% and a one-year return of -14.15%. Factors contributing to this decline include disappointing financial results, such as a 26.75% drop in profit before tax and a 29.1% decrease in profit after tax, alongside a low operating profit to net sales ratio. Despite the company's high management efficiency and strong ability to service debt, the stock's expensive valuation and consistent underperformance against benchmarks have negatively impacted investor sentiment.
In the broader market context, the Sensex has shown a slight decline of 0.47% over the past week, indicating that the market is relatively stable compared to Blue Dart's performance. The stock's recent performance contrasts sharply with the benchmark, as it has consistently underperformed the BSE500 over the last three years. While the stock has generated a positive return of 202.35% over the past five years, its recent trends suggest a lack of momentum compared to the benchmark's 46.57% increase over the same period. This underperformance, combined with falling investor participation and liquidity concerns, suggests that market conditions are not favorable for Blue Dart Express Ltd at this time.