Why is Delhivery falling/rising?

As of 15-Jul, Delhivery Ltd's stock price is rising, currently at Rs 417.50, reflecting an increase of Rs 11.0 or 2.71%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It outperformed its sector by 1.79% today and reached an intraday high of Rs 418.75. Over the past week, Delhivery has increased by 2.09%, and over the last month, it has risen by 16.25%, significantly outperforming the Sensex, which has only increased by 1.79%. The company has reported positive results for the last four consecutive quarters, with strong operating profit metrics and high institutional holdings at 82.03%, indicating confidence from larger investors. 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 contrasts with the Sensex, which has declined by 1.36% over the past week. While the stock has shown resilience and positive momentum, the overall market sentiment appears less favorable, as indicated by the Sensex's performance. Despite the stock's recent gains, the significant drop in delivery volume by 49.63% against the five-day average suggests a potential decrease in investor participation, which could impact future price movements. Overall, while Delhivery has demonstrated strong short-term performance, the mixed signals from its fundamentals and market context warrant cautious optimism.