Why is Delhivery falling/rising?

As of 01-Aug, Delhivery Ltd's stock price is currently at Rs 429.85, reflecting an increase of Rs 4.55 or 1.07%. The stock has shown strong performance recently, gaining 5.16% over the last two days and outperforming its sector by 2.42% today. It is also trading above its moving averages across various timeframes, indicating positive momentum. Additionally, the company has reported a significant growth in net profit of 77.25% and has delivered positive results for the last five consecutive quarters, which has likely bolstered investor confidence. High institutional holdings at 82.54% suggest that knowledgeable investors are backing the stock, further supporting its upward movement.
In the broader market context, Delhivery's short-term return of +1.12% over the past week contrasts sharply with the Sensex, which has declined by 1.06% in the same period. This divergence highlights Delhivery's relative strength in a challenging market environment. Furthermore, the stock's year-to-date performance of +24.18% significantly outpaces the Sensex's modest gain of +3.15%, reinforcing the notion that Delhivery is positioned favorably compared to the broader market. Overall, the combination of strong financial results, positive investor sentiment, and robust trading activity contributes to the stock's rising price.