Why is Delhivery falling/rising?

As of 04-Jul, Delhivery Ltd's stock price is currently at 389.30, reflecting an increase of 1.6, or 0.41%. The stock has been gaining for the last four days, with a return of 1.64% over the past week. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Additionally, the company has reported strong financial results over the last four consecutive quarters, with a significant growth in profit after tax and a high operating profit to interest ratio. However, the stock also faces challenges, including a weak long-term return on equity and a history of underperformance against benchmarks over the past three years.
In the broader market context, Delhivery's short-term performance has outpaced the Sensex, which has declined by 0.74% over the same week. While the stock has shown a year-to-date return of 12.47%, it has still underperformed the benchmark over the last year and three years. Despite high institutional holdings and a strong market position within its sector, the company's weak long-term fundamentals and negative operating profits present risks that could affect future performance. Overall, the recent price increase appears to be driven by positive short-term results and investor participation, despite underlying concerns about long-term growth and profitability.