Why is Delhivery falling/rising?

As of 13-Aug, Delhivery Ltd's stock price is rising, currently at Rs 467.60, reflecting an increase of Rs 4.5 or 0.97%. The stock is trading close to its 52-week high, just 0.66% away from Rs 470.7, and has outperformed its sector by 1.02% today. Over the past week, the stock has gained 2.75%, and it has shown a significant increase of 13.80% over the past month, while it has generated a return of 14.33% over the past year, contrasting with the broader market's negative performance. Additionally, 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 has likely contributed to investor confidence. High institutional holdings at 82.54% further indicate strong backing from knowledgeable investors, which can positively influence stock performance.
In the broader market context, Delhivery's recent performance stands out as the benchmark index, Sensex, has experienced a slight decline of 0.01% over the past week and a more significant drop of 2.38% over the past month. Despite the overall market's struggles, Delhivery's ability to generate positive returns highlights its resilience and attractiveness to investors. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 71.65% against the 5-day average, which could be a concern for future trading activity. Nonetheless, the stock's liquidity remains adequate for significant trade sizes, suggesting that it can still attract substantial investment despite the recent drop in trading volume.