Why is Blue Dart Expres falling/rising?

As of 24-Jul, Blue Dart Express Ltd's stock price is currently at 6,869.00, reflecting a decrease of 21.3 or 0.31%. The stock is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some positive momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 59.34% compared to the 5-day average. However, the stock has underperformed over the past year, generating a return of -13.77%, while its profits have also declined by -16.1%. The recent negative financial results, including a 26.75% drop in profit before tax and a 29.1% decrease in profit after tax, have contributed to the stock's downward movement.
In the broader market context, Blue Dart Express has shown a short-term return of -0.75% over the past week, compared to a minimal decline of 0.09% in the Sensex, indicating that the stock is underperforming relative to the benchmark. Over the year-to-date, the stock has declined by 0.79%, while the Sensex has increased by 5.18%. This consistent underperformance against the benchmark over the last three years, coupled with an expensive valuation and declining operating profit margins, suggests that investor sentiment may be cautious, leading to the stock's current downward trend.