Why is Blue Dart Expres falling/rising?

As of 16-Sep, Blue Dart Express Ltd's stock price is currently at Rs 5,741.50, reflecting an increase of Rs 36.15 or 0.63%. Despite this uptick, the stock has shown a mixed performance recently, underperforming its sector by 1.16% today and remaining 4.48% away from its 52-week low. Over the past week, the stock has gained slightly by 0.16%, but it has declined by 1.94% over the past month and has a significant year-to-date drop of 17.07%. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 24.38% and a strong ability to service debt, yet it has faced negative results in its latest quarterly performance, with a 10.93% decline in profit before tax and a low operating profit to net sales ratio of 13.57%. This combination of factors contributes to a cautious outlook despite the recent price increase.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with the Sensex gaining 1.58% over the past week while Blue Dart only managed a 0.16% increase. The logistics sector has seen a positive movement of 2.06%, indicating a favorable environment for the industry, yet Blue Dart's consistent underperformance against the benchmark over the last three years, coupled with a year-over-year return of -30.22%, raises concerns among investors. The falling investor participation, as evidenced by a 10.62% drop in delivery volume compared to the five-day average, further underscores the challenges the stock faces in gaining traction despite its recent price rise.