Why is Blue Dart Expres falling/rising?

As of 08-Sep, Blue Dart Express Ltd is experiencing a decline in its stock price, currently at 5,726.15, which reflects a decrease of 13.85 or 0.24%. The stock has underperformed its sector by 0.96% today and is trading lower than its moving averages across various time frames, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.23% away from the low of Rs 5,484. Over the past week, the stock has fallen by 0.91%, and its year-to-date performance shows a significant decline of 17.29%. The company has faced negative results in its latest quarter, with a decrease in profit before tax and operating profit margins, contributing to a year-over-year return of -30.13% and a consistent underperformance against benchmarks over the last three years.
In the broader market context, the Sensex has shown a positive return of 0.53% over the past week, contrasting with Blue Dart's negative performance. This divergence highlights the stock's struggles relative to the overall market. While the company boasts high management efficiency and a strong ability to service debt, these positive factors are overshadowed by its recent financial results and declining investor participation, as evidenced by a significant drop in delivery volume. The stock's expensive valuation compared to its peers further complicates its outlook, suggesting that despite some strengths, the overall sentiment remains negative, leading to its current price decline.