Why is Delhivery falling/rising?

As of 31-Jul, Delhivery Ltd's stock price is rising, currently at Rs 425.30, reflecting an increase of Rs 16.55 or 4.05%. Today's price summary indicates that the stock has outperformed its sector by 5.07% and has experienced a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 429.25. Over the past week, the stock has seen a decline of 2.97%, but it has gained 10.84% over the past month, indicating a positive short-term trend. The company has reported strong financial results over the last four quarters, with a significant growth in profit after tax and a high operating profit to interest ratio, which may contribute to the recent price increase. However, there are concerns regarding its long-term fundamental strength, as indicated by a low return on equity and weak growth in net sales over the past five years.
In the broader market context, while Delhivery's stock has outperformed the Sensex by a notable margin in the short term, the benchmark has shown a decline of 1.22% over the past week and a drop of 3.00% over the past month. This suggests that Delhivery's recent price movement is not only a reflection of its internal performance but also contrasts positively against broader market trends. The high institutional holdings at 82.54% may indicate confidence from larger investors, further supporting the stock's upward movement despite the noted risks associated with its long-term growth and profitability.