Why is Delhivery falling/rising?

As of 02-Jul, Delhivery Ltd's stock price is currently at 385.70, reflecting an increase of 2.0 (0.52%). The stock has been gaining for the last two days, with a total return of 0.7% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive short-term trend. Despite a recent drop in investor participation, with delivery volume decreasing by 66.07% compared to the 5-day average, the company has reported strong financial performance over the last four quarters, including a significant growth in profit after tax and a high operating profit to interest ratio. However, the stock faces challenges due to weak long-term fundamental strength, including a low return on equity and a poor EBIT to interest ratio, which may temper investor enthusiasm.
In the broader market context, Delhivery's recent performance has been somewhat mixed when compared to the benchmark, as it has underperformed the Sensex over the past week with a return of -0.80% versus the Sensex's +0.79%. However, over the past month, Delhivery has outperformed the benchmark with a return of +5.05% compared to the Sensex's +2.50%. The stock's high institutional holdings at 82.03% suggest that knowledgeable investors are backing the company, which may provide some support for its price. Nonetheless, the stock's consistent underperformance over the last three years and its negative operating profits present risks that could affect its future price movements.