Why is Blue Dart Expres falling/rising?

As of 29-Aug, Blue Dart Express Ltd is experiencing a price increase, currently at Rs. 5,630.00, reflecting a change of 27.0 or 0.48% upward. The stock has recently outperformed its sector by 1.39%, indicating a positive movement after two consecutive days of decline. However, it has also hit a new 52-week low of Rs. 5,484 today, and it is trading below all its moving averages, suggesting ongoing challenges. Over the past week, the stock has decreased by 2.76%, and it has shown significant underperformance over the last month and year, with returns of -13.66% and -30.68%, respectively. Despite a high management efficiency indicated by a ROCE of 24.38% and strong operating profit growth, the stock's valuation appears expensive relative to its peers, contributing to its recent struggles.
In the broader market context, Blue Dart Express has consistently underperformed against the benchmark, with a notable decline of -30.68% over the past year compared to a modest gain of +2.14% for the Sensex year-to-date. This trend of underperformance has been evident over the last three years, where the stock has lagged behind the BSE500 in each annual period. The recent increase in delivery volume by 110.08% against the five-day average suggests rising investor participation, which may provide some support for the stock. However, the negative results reported for June, including a drop in profit before tax and operating profit margins, continue to weigh heavily on investor sentiment, indicating that while there are some positive indicators, the overall outlook remains cautious.