Why is Delhivery falling/rising?

As of 18-Aug, Delhivery Ltd's stock price is currently at 465.35, reflecting an increase of 1.65, or 0.36%. The stock has shown a positive performance over the past month with an increase of 8.98%, despite a slight decline of 0.64% over the past week. It is also close to its 52-week high, being only 1.86% away from Rs 474. The company has demonstrated strong financial results, including a 77.25% growth in net profit and positive results for the last five consecutive quarters. Additionally, high institutional holdings at 82.54% suggest confidence from knowledgeable investors, which may contribute to the stock's upward movement.
In the broader market context, while the BSE500 index has generated negative returns of -1.14% over the last year, Delhivery has outperformed with a return of 11.78%. However, it is important to note that the stock's performance has been mixed in the short term, as it has underperformed the benchmark index over the past week. The recent decline in delivery volume by 30.86% against the five-day average indicates a potential decrease in investor participation, which could impact future price movements. Overall, while the stock has shown resilience and positive growth, the recent drop in trading volume may raise concerns about its sustainability in the short term.