Why is Delhivery falling/rising?

As of 28-Aug, Delhivery Ltd's stock price is currently at Rs 468.95, reflecting a decrease of Rs 9.6 or 2.01%. The stock has recently underperformed its sector by 1.42% and has experienced a trend reversal after two consecutive days of gains. It is also close to its 52-week high, being just 2.46% away from Rs 480.5. Over the past week, the stock has declined by 0.95%, while it has shown a positive return of 9.39% over the last month. The company has reported strong financial performance, with a net profit growth of 77.25% and positive results for the last five consecutive quarters, which has contributed to its market-beating performance of 11.17% over the past year, despite the broader market's negative returns.
Broader Market Context: In comparison to the benchmark, Delhivery's recent performance shows a slight advantage, as the Sensex has declined by 2.34% over the past week and 1.00% over the last month. The stock's liquidity remains robust, with a delivery volume increase of 37.82% against the five-day average, indicating rising investor participation. However, the stock's current decline may be influenced by its recent underperformance relative to the sector and the overall market conditions, which have been challenging. Despite these factors, the high institutional holdings at 82.54% suggest that experienced investors continue to have confidence in the company's fundamentals.