Why is Delhivery falling/rising?

As of 08-Aug, Delhivery Ltd's stock price is currently at Rs. 464.55, reflecting a decrease of -1.35 (-0.29%). Despite this decline, the stock has shown strong performance over the past week and month, with returns of +8.07% and +13.60%, respectively. The stock recently hit a new 52-week high of Rs. 468, indicating positive momentum. However, there has been a notable drop in investor participation, with delivery volume falling by -25.75% against the 5-day average. The company has demonstrated robust financial health, with a net profit growth of 77.25% and positive results for the last five consecutive quarters, which may support its valuation despite the current price drop.
In the broader market context, Delhivery's performance stands out as it has generated a return of +13.18% over the past year, while the benchmark Sensex has experienced a decline of -0.92%. This indicates that Delhivery is outperforming the market, which could attract more investors in the long run. Additionally, the stock's high institutional holdings at 82.54% suggest confidence from knowledgeable investors, further bolstering its position in the sector. However, the overall market has been challenging, as evidenced by the negative returns of -1.79% from the BSE500 index over the past year, which may contribute to the stock's current price fluctuation.