Why is Delhivery falling/rising?

As of 22-Aug, Delhivery Ltd's stock is currently priced at Rs 473.00, reflecting a decrease of 0.45 or 0.1%. Despite this slight decline, the stock has shown a positive performance over the past week, with a return of 2.01%, and a notable increase of 7.93% over the past month. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally upward trend. Furthermore, the company has reported a significant growth in net profit of 77.25% and has declared positive results for the last five consecutive quarters, contributing to a strong investor sentiment. High institutional holdings at 82.54% suggest confidence from knowledgeable investors, which may help support the stock price despite the recent minor decline.
In the broader market context, while the Sensex has shown a modest gain of 0.88% over the past week, Delhivery's performance has outpaced this benchmark, indicating relative strength. Over the past year, while the broader market has generated negative returns of -2.49%, Delhivery has managed to achieve a return of 12.35%, further highlighting its resilience. This performance, combined with rising investor participation and liquidity, suggests that the stock remains attractive to investors, even as it experiences a slight dip in price.