Why is Delhivery falling/rising?

As of 28-Jul, Delhivery Ltd's stock price is currently at Rs 428.70, reflecting an increase of Rs 3.6 or 0.85%. The stock has shown a positive trend today, having outperformed its sector by 2.19% and gaining after two consecutive days of decline. It is also close to its 52-week high, being only 4.81% away from Rs 449.3. Over the past month, the stock has performed well with an increase of 11.93%, while its year-to-date return stands at 23.85%. 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, which have likely contributed to the stock's upward movement. However, it faces challenges with weak long-term fundamental strength, as indicated by a low average return on equity and a poor EBIT to interest ratio.
In the broader market context, while the stock has generated a return of 7.89% over the past year, the benchmark index, Sensex, has seen a decline of 0.54%. This indicates that Delhivery has managed to outperform the market despite the overall negative sentiment. The stock's recent performance is further supported by rising investor participation, as evidenced by an increase in delivery volume. However, the long-term outlook remains cautious due to the company's weak growth metrics and high institutional holdings, which suggest that while the stock may be performing well in the short term, there are underlying risks that could affect its future performance.