Why is Delhivery falling/rising?

As of 11-Jul, Delhivery Ltd's stock price is currently at 410.90, reflecting a decrease of 3.85 points or 0.93%. The stock has been experiencing a downward trend, having lost 2.81% over the last two days. Despite this recent decline, Delhivery has shown strong performance over the past week and month, with returns of 5.55% and 12.44%, respectively. The company has reported positive results for the last four consecutive quarters, showcasing strong operating profit metrics and high institutional holdings at 82.03%. However, the stock's long-term fundamental strength is weak, indicated by a low average Return on Equity (ROE) of 0.44% and a concerning EBIT to Interest ratio, which may contribute to investor caution.
In the broader market context, Delhivery's recent performance contrasts with the Sensex, which has seen a decline of 1.12% over the past week. While the stock has outperformed the benchmark in the short term, the falling investor participation, as evidenced by a 46.85% drop in delivery volume, suggests a potential lack of confidence among traders. Additionally, the stock's risk profile is elevated due to negative operating profits and a high PEG ratio, which may deter further investment. Overall, while Delhivery has shown strong short-term returns, the combination of recent price declines and underlying fundamental weaknesses could be influencing its current market performance.