Why is Blue Dart Expres falling/rising?

As of 17-Sep, Blue Dart Express Ltd is currently priced at Rs 5,743.00, reflecting a slight increase of 1.5 (0.03%). The stock has shown a modest gain over the last two days, rising by 0.66%. However, it remains 4.51% away from its 52-week low and has underperformed significantly over the past year, with a return of -37.88%. Despite a high management efficiency indicated by a ROCE of 24.38% and a strong ability to service debt with a low Debt to EBITDA ratio of 0.87 times, the company has faced challenges. Negative results reported for June 25, including a decline in profit before tax and operating profit to net sales, have contributed to its recent struggles. Additionally, the stock's valuation appears expensive relative to its peers, which may deter potential investors.
In the broader market context, Blue Dart's short-term performance of +0.12% over the past week contrasts with the Sensex's gain of +1.56%, indicating that the stock is lagging behind the benchmark. Over the last month, Blue Dart has declined by 1.91%, while the Sensex has increased by 2.60%. This consistent underperformance against the benchmark over the last three years, coupled with a significant drop in profits by -15.5% over the past year, suggests that investor sentiment may be cautious. The rising investor participation, as evidenced by a 113.1% increase in delivery volume, could indicate some renewed interest, but overall, the stock's long-term outlook remains uncertain amidst its recent challenges.