Why is Blue Dart Expres falling/rising?

As of 05-Aug, Blue Dart Express Ltd is currently priced at 5,802.50, reflecting a slight increase of 11.3 or 0.2%. The stock has shown a trend reversal by gaining after eight consecutive days of decline, outperforming its sector by 0.44%. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 11.02%, and it has underperformed significantly against the benchmark, with a year-to-date return of -16.19% compared to the Sensex's +3.29%. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 24.38% and a strong ability to service debt, but it has also reported negative results in June, with the lowest operating profit to net sales ratio and a significant decline in profits over the past year.
In the broader market context, Blue Dart's recent performance has been notably weaker than the benchmark, as evidenced by its consistent underperformance against the BSE500 over the last three years. While the stock has shown some positive management metrics, the negative financial results and a high enterprise value to capital employed ratio suggest that it is trading at an expensive valuation relative to its peers. The stock's liquidity remains adequate for trading, but the falling investor participation, as indicated by a decrease in delivery volume, raises concerns about ongoing interest in the stock. Overall, despite a minor uptick in price, the underlying factors suggest a challenging environment for Blue Dart Express Ltd.