Why is Delhivery falling/rising?

As of 25-Aug, Delhivery Ltd's stock price is currently at Rs 476.20, reflecting an increase of Rs 3.2, or 0.68%. The stock has recently hit a new 52-week high of Rs 480.5 and has outperformed its sector by 1.18% today. Over the past week, Delhivery has shown a return of +2.33%, and over the past month, it has increased by +12.02%. The company has reported very positive financial results, including a 77.25% growth in net profit and consistent positive results over the last five quarters. Additionally, high institutional holdings at 82.54% indicate strong confidence from knowledgeable investors, further supporting the stock's upward movement.
In the broader market context, Delhivery's performance stands out as the BSE500 index has generated negative returns of -2.11% over the past year, while Delhivery has achieved a return of +10.64%. This significant outperformance highlights the stock's resilience in a challenging market environment. However, it is worth noting that investor participation has been declining, with a 26.68% drop in delivery volume compared to the five-day average. Despite this, the stock remains liquid enough for trading, indicating ongoing interest from investors.