Why is Blue Dart Expres falling/rising?

As of 29-Oct, Blue Dart Express Ltd's stock price is rising, currently at 6,645.60, reflecting an increase of 1,107.6 or 20.0%. Today's price summary indicates that the stock has outperformed its sector by 17% and has experienced a trend reversal after four consecutive days of decline. It opened with a gain of 3.51% and reached an intraday high of Rs 6,645.60. Over the past week, the stock has shown a return of +19.11%, significantly outperforming the Sensex, which only gained +0.68%. Despite a year-to-date decline of -4.01%, the company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 24.38% and a low debt to EBITDA ratio of 0.87 times, contributing positively to investor sentiment.
In the broader market context, Blue Dart's short-term performance is notably stronger than the benchmark, as evidenced by its 1-week return of +19.11% compared to the Sensex's +0.68%. The logistics sector, in which Blue Dart operates, has also gained by 3.02%, further supporting the stock's upward movement. However, there are concerns regarding falling investor participation, with delivery volume decreasing by 22.03% against the 5-day average. Despite this, the company's recent positive quarterly results, including record net sales and operating profit margins, suggest a healthy long-term growth outlook, which may be bolstering investor confidence and contributing to the stock's rise.