Why is Delhivery falling/rising?

As of 21-Jul, Delhivery Ltd's stock price is rising, currently at Rs 433.00, reflecting an increase of Rs 6.0 or 1.41%. The stock has shown strong performance recently, gaining 6.52% over the past week and 21.29% over the last month, significantly outperforming the Sensex, which has seen a slight decline of 0.06% and 0.25% respectively. Today's price summary indicates that the stock is only 3.41% away from its 52-week high and has been on a consecutive gain streak for the last five days. Additionally, the company has reported positive results for the last four consecutive quarters, with a remarkable growth in profit after tax and strong operational metrics, which have likely contributed to increased investor confidence and participation.
In the broader market context, Delhivery's recent performance stands out against the benchmark, as it has generated a return of 15.67% over the past year, compared to the BSE500's return of only 1.63%. This strong performance is supported by high institutional holdings at 82.03%, indicating robust investor interest and confidence in the company's fundamentals. However, it is important to note that the company faces challenges with weak long-term fundamental strength, as evidenced by a low return on equity and poor debt servicing capabilities, which could pose risks to its future performance. Despite these concerns, the current momentum and positive quarterly results appear to be driving the stock's upward movement in the short term.