Why is Blue Dart Expres falling/rising?

As of 25-Jul, Blue Dart Express Ltd's stock price is currently at Rs 6,713.00, reflecting a decrease of Rs 156.0, or 2.27%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.57% during this period. The stock's performance over the past week shows a decrease of 2.14%, while it has experienced a more favorable return of 6.89% over the past month. However, the stock has underperformed significantly over the longer term, with a year-to-date decline of 3.04% and a one-year drop of 13.52%. Key negative factors contributing to this decline include disappointing financial results, such as a 26.75% fall in profit before tax and a 29.1% decrease in profit after tax for the most recent quarter. Additionally, the stock's valuation appears expensive relative to its peers, and it has consistently underperformed against the benchmark over the last three years.
In the broader market context, the Sensex has shown a slight decline of 0.36% over the past week, indicating that the overall market sentiment is relatively stable compared to Blue Dart's sharper decline. Despite the stock's recent underperformance, it has shown some positive indicators, such as a high return on capital employed (ROCE) of 24.38% and a strong ability to service debt with a low debt-to-EBITDA ratio. Furthermore, there has been a rise in investor participation, with an increase in delivery volume. However, the stock's consistent underperformance against the benchmark and the negative financial results have overshadowed these positive aspects, leading to its current downward price movement.