Why is Blue Dart Expres falling/rising?

As of 15-Sep, Blue Dart Express Ltd's stock price is currently at Rs 5,705.35, reflecting a decrease of Rs 22.05 or 0.38%. The stock has been underperforming, having fallen for the last two days with a total decline of 0.95%. It is trading 3.88% away from its 52-week low and has consistently underperformed against the benchmark, with a year-to-date return of -17.59% compared to the Sensex's gain of 4.67%. The company has reported negative results in June, with the lowest quarterly PBDIT and operating profit margins, contributing to its declining stock performance. Despite having a high return on capital employed (ROCE) and strong debt servicing ability, the stock's valuation is considered expensive, and profits have decreased by 15.5% over the past year.
In the broader market context, the logistics sector has seen a gain of 2.17%, contrasting with Blue Dart's recent struggles. The stock's performance over the last week and month has been negative, with declines of 0.36% and 2.56%, respectively, while the Sensex has risen by 1.24% and 1.47% in the same periods. This consistent underperformance against the benchmark over the last three years, combined with the company's recent financial challenges, has led to a lack of investor confidence, despite a rise in delivery volume indicating some interest. Overall, the combination of negative financial results and a lack of competitive performance in the market is contributing to the stock's downward trend.