Why is Blue Dart Expres falling/rising?

As of 10-Sep, Blue Dart Express Ltd is currently priced at 5,736.00, reflecting a slight increase of 3.5 (0.06%). Despite this minor uptick, the stock has shown a negative performance trend, underperforming its sector by 0.28% today and trading below all key moving averages. Over the past week, the stock has declined by 0.43%, and it is 4.39% away from its 52-week low. Additionally, the stock has experienced a significant drop of 17.15% year-to-date and a staggering 29.65% over the past year, indicating consistent underperformance. The company's recent financial results have also raised concerns, with a decrease in profit before tax and operating profit margins, contributing to its negative valuation perception despite a high return on capital employed and strong debt servicing ability.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with the Sensex gaining 1.06% over the past week while Blue Dart has fallen. This trend of underperformance is consistent, as the stock has not only declined in value over the last year but has also trailed the BSE500 in each of the last three annual periods. The declining investor participation, evidenced by a drop in delivery volume, further exacerbates the stock's challenges in gaining traction in the market. Overall, while there are some positive indicators regarding management efficiency and long-term growth potential, the recent financial results and persistent underperformance against benchmarks suggest a cautious outlook for Blue Dart Express Ltd.