Why is Blue Dart Expres falling/rising?

As of 29-Jul, Blue Dart Express Ltd's stock price is currently at 6,521.10, reflecting a decrease of 61.9 points or 0.94%. The stock has been underperforming, having lost 5.36% over the last four days, and it is currently lower than its 5-day, 20-day, 50-day, and 200-day moving averages, although it remains above the 100-day moving average. The stock has shown a negative return of 2.92% over the past week and a decline of 15.56% over the past year, while its profits have also fallen by 16.1%. Despite having a high return on capital employed (ROCE) of 24.38% and strong debt servicing ability, the recent negative financial results, including a significant drop in profit before tax and profit after tax, have contributed to the stock's downward trend.
In the broader market context, Blue Dart Express has underperformed against the Sensex, which has seen a decline of only 1.03% over the past week. The stock's consistent underperformance against the benchmark over the last three years, coupled with a decline in investor participation and liquidity, suggests a lack of confidence among investors. While the company has shown healthy long-term growth in operating profit, the recent negative results and expensive valuation relative to its peers have led to a bearish sentiment surrounding the stock.