Why is Delhivery falling/rising?

As of 12-Aug, Delhivery Ltd's stock price is currently at Rs 463.10, reflecting a decrease of Rs 5.25 or 1.12%. The stock has shown a positive performance over the past week and month, with returns of 1.08% and 12.70%, respectively. However, it underperformed its sector today by 1.14%. Despite trading above its moving averages, the stock has experienced a significant drop in investor participation, with delivery volume falling by 59.42% compared to the 5-day average. The company has reported strong financial results, including a 77.25% growth in net profit and positive results for the last five consecutive quarters, which supports a hold recommendation. Additionally, high institutional holdings at 82.54% indicate confidence from knowledgeable investors.
In the broader market context, Delhivery's performance contrasts with the benchmark Sensex, which has declined by 0.59% over the past week and 2.75% over the past month. While the stock has outperformed the market with a 14.28% return over the past year, the overall market has generated negative returns of -2.11%. This suggests that despite the recent decline in stock price, Delhivery has been able to maintain a strong position relative to the broader market trends.