Why is Blue Dart Expres falling/rising?

As of 09-Sep, Blue Dart Express Ltd is currently priced at Rs 5,732.50, reflecting a slight increase of 6.35 (0.11%). The stock has been trading in a narrow range and is currently 4.33% away from its 52-week low. Despite today's performance, which outperformed its sector by 0.52%, the stock has shown a negative trend over the past week and month, with declines of -1.04% and -1.45%, respectively. Additionally, the stock has underperformed significantly over the past year, with a return of -29.66%. Factors contributing to this decline include disappointing financial results from June, where profit before tax fell by -10.93% and operating profit to net sales reached its lowest at 13.57%. While the company exhibits high management efficiency and a strong ability to service debt, these positives are overshadowed by its consistent underperformance against benchmarks and a high valuation compared to peers.
In the broader market context, the Sensex has shown positive returns of +1.18% over the past week and +1.56% over the past month, contrasting sharply with Blue Dart's negative returns. This indicates that while the overall market is experiencing growth, Blue Dart is struggling to keep pace, reflecting investor concerns about its recent financial performance and valuation. The stock's liquidity remains adequate, but a significant drop in delivery volume by -59.12% against the 5-day average suggests waning investor interest. Overall, the combination of poor recent performance, high valuation concerns, and a lack of investor participation contributes to the stock's ongoing challenges in the market.