Why is Delhivery falling/rising?

As of 07-Jul, Delhivery Ltd's stock price is currently at Rs 395.70, reflecting an increase of Rs 6.4 or 1.64%. The stock has shown a positive trend, gaining 3.32% over the past week and 7.86% over the past month. It has outperformed its sector by 1.79% today and has been on a consecutive gain streak for the last five days. Additionally, the stock is trading above all its moving averages, indicating a bullish sentiment. Positive financial results over the last four quarters, including a high operating profit to interest ratio and strong debtor turnover, contribute to this upward movement. However, the stock faces challenges with weak long-term fundamental strength, as evidenced by a low return on equity and poor growth in net sales over the past five years.
In the broader market context, Delhivery's recent performance contrasts with the Sensex, which has seen a slight decline of 0.20% over the past week. While Delhivery has outperformed the benchmark in the short term, it has consistently underperformed against it over the last three years, generating a return of -0.03% compared to the Sensex's 4.31% over the same period. Despite high institutional holdings that suggest confidence from knowledgeable investors, the stock's long-term risks and negative operating profits may temper its appeal in the broader market.