Why is Blue Dart Expres falling/rising?

As of 05-Sep, Blue Dart Express Ltd's stock price is currently at Rs 5,740.00, reflecting an increase of Rs 60.75 or 1.07%. Today's price summary indicates that the stock has outperformed its sector by 0.75% and has gained after two consecutive days of decline. However, it remains 4.46% away from its 52-week low and is trading above its 5-day moving average, but below its longer-term moving averages. Despite a strong management efficiency indicated by a high ROCE of 24.38% and a low Debt to EBITDA ratio of 0.87, the company has faced challenges, including a significant decline in profits and consistent underperformance against benchmarks over the past year, which has contributed to its recent price movements.
In the broader market context, Blue Dart's short-term return of +1.95% over the past week exceeds the Sensex's return of +1.13%, suggesting a relative strength in the stock's performance. However, the stock has underperformed significantly over longer periods, with a year-to-date return of -17.09% compared to the Sensex's +3.29%. This consistent underperformance, alongside negative results reported in June and a decline in investor participation, indicates that while there may be short-term gains, the overall sentiment towards Blue Dart remains cautious due to its historical performance and valuation concerns.