Why is Delhivery falling/rising?

As of 26-Aug, Delhivery Ltd's stock price is currently at Rs 478.55, reflecting an increase of Rs 2.35 or 0.49%. The stock has shown a positive performance today, outperforming its sector by 3.35% and has been gaining for the last two days, with a total return of 1.22% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 1.41%, and in the last month, it has increased by 12.57%, while it has generated a return of 11.10% over the past year, significantly outperforming the benchmark Sensex, which has declined by 1.12% during the same period. 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 the stock's upward movement.
In the broader market context, while the logistics sector has faced a decline of 2.85%, Delhivery's performance stands out positively, particularly given its substantial institutional holdings at 82.54%, indicating strong confidence from informed investors. Despite a general market downturn reflected by the BSE500's negative returns of 3.87% over the past year, Delhivery has managed to maintain a robust market position, constituting 19.62% of its sector with annual sales of Rs 9,053.60 crore. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 15.02% against the 5-day average, which could pose a concern for future trading activity.