Why is Delhivery falling/rising?

As of 18-Jul, Delhivery Ltd's stock price is currently at Rs 427.00, reflecting an increase of 1.9 (0.45%). The stock has shown a strong performance recently, gaining 5.04% over the last four days and outperforming its sector by 1.22% today. It is also trading above its moving averages across various time frames, indicating positive momentum. Despite a slight decline in investor participation, with delivery volume down by 28.43% against the 5-day average, the company has reported positive results for the last four consecutive quarters, including a high operating profit to interest ratio and strong debtor turnover. However, the stock's long-term fundamentals are concerning, with a low average return on equity and weak growth in net sales.
In the broader market context, Delhivery has outperformed the benchmark, with a one-week return of +3.92% compared to the Sensex's -0.90%. Over the past month, Delhivery's return of +17.21% significantly exceeds the Sensex's +0.38%. While the stock has generated an 11.42% return over the past year, the overall market has faced negative returns, indicating that Delhivery's strong performance is somewhat isolated. The company's high institutional holdings suggest confidence from knowledgeable investors, but the risks associated with its long-term fundamentals may temper enthusiasm moving forward.