Why is Delhivery falling/rising?

As of 11-Aug, Delhivery Ltd's stock price is currently at 468.35, reflecting an increase of 3.8 or 0.82%. The stock has recently hit a new 52-week high of Rs. 470.7 and has outperformed its sector by 1.17%. Over the past week, Delhivery has shown a return of +1.51%, while its performance over the last month stands at +13.98%. The company has demonstrated strong financial health, with a net profit growth of 77.25% and positive results for the last five consecutive quarters. Additionally, high institutional holdings at 82.54% indicate confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, while the BSE500 index has experienced negative returns of -1.85% over the last year, Delhivery has managed to achieve a return of 17.51%, showcasing its resilience and market-beating performance. This contrast highlights the stock's strength amid a challenging market environment. However, it is worth noting that investor participation has fallen, with a significant decrease in delivery volume by 36.8% against the five-day average, which could pose a concern for future liquidity and trading activity. Overall, the combination of strong financial results and institutional support has contributed to the stock's rising price, despite some signs of reduced trading volume.