Why is Delhivery falling/rising?

As of 22-Jul, Delhivery Ltd's stock price is rising, currently at Rs 438.25, reflecting an increase of Rs 5.25 or 1.21%. The stock has shown strong performance recently, gaining 7.81% over the last six days and outperforming its sector by 1.81% today. It is also trading above all key moving averages, indicating positive momentum. Additionally, the company has reported positive results for the last four consecutive quarters, with a significant growth in profit after tax and strong operating profit metrics. However, there are concerns regarding its long-term fundamental strength, as indicated by a low return on equity and weak sales growth over the past five years.
In the broader market context, Delhivery's short-term return of 4.97% over the past week significantly outpaces the benchmark Sensex, which has declined by 0.47% during the same period. This strong performance relative to the market is bolstered by high institutional holdings, which have increased, suggesting confidence from larger investors. Despite the positive short-term indicators, the stock's long-term outlook remains uncertain due to its weak fundamentals and high risk associated with negative operating profits.