Why is Delhivery falling/rising?

As of 25-Jul, Delhivery Ltd's stock price is currently at Rs 425.10, reflecting a decline of Rs 13.2 or 3.01%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 4.18% during this period. Today's trading saw the stock touch an intraday low of Rs 424.1, with a weighted average price indicating that more volume was traded closer to this low. Despite positive results over the last four quarters, including a significant growth in PAT and high institutional holdings, the stock's performance has been hindered by a decrease in investor participation, as evidenced by a 12.64% drop in delivery volume compared to the five-day average.
In the broader market context, Delhivery's short-term return of -0.44% over the past week contrasts with the benchmark Sensex, which has seen a slightly lesser decline of -0.36%. While the stock has outperformed the market over the longer term, with a year-to-date return of 22.81% compared to the Sensex's 4.25%, its recent performance suggests a struggle against both market sentiment and internal challenges, such as weak long-term fundamental strength and negative operating profits. This combination of factors contributes to the stock's current downward trajectory.